A repair install is going back to previous build but it keeps all your files, I don't know what that button in your screenshot would achieve. I doubt its exactly the same. Or the guide for Repair install would just link to that
The previous version choice only exists if its 10 days or so since you updated from previous version.
There are problems that those methods won't fix. So a repair install sure beats a reset. As you don't lose anything apart from updates.
I did one because windows update was broken and wouldn't install an update. So rolling back to the base version of 21H2 was the fastest way. I have suggested it to a few other people who had same problem.
I do clean installs if I need to reinstall windows as I seen resets go wrong, and delete windows, leaving user with nothing. So Clean is safer to me, I know I have to have backups of everything before I start.
Windows version updates are essentially clean installs every year anyway, so doing another seems excessive. I only clean install if I have no choices. Or troubleshooting a problem. Last 2 clean installs were to troubleshoot hardware.