I do have both (VPN and Reverse Proxy) running. For VPN my router uses Wireguard and at work we use Wireguard as well. You can alter the config in such a way, that only internal traffic would get routed through your VPN. I love this, because for regular traffic, I’m not bound to the upload at my home network or with work, route my personal traffic through the company internet or lose access to my own network.

Reverse proxy isn’t bad either. I have a DNS running at home, that redirects my domain used for home stuff, directly to the reverse proxy. This way I can block certain stuff, I want a fancy domain but not be accessed from the outside, because its not needed or not set up properly.

With a VPN, you would be more secure, because its a single instance you need to keep safe. With regular updates and set up properly, this shouldn’t be an issue. But I would suggest reading tech news portals, that do cover security breaches of well known software.

With a reverse proxy setup I use, I must trust so many things. I must trust my reverse proxy with the firewall and then each server I run.

But keep one thing in mind. If you for example use stuff like Home Assistant, that you access in the background, it wouldn’t work if you connect via a VPN. With Wireguard I can be connected 24/7 to my VPN, even at home. With the previous VPN my router used (I guess it was OpenVPN), this wasn’t possible.