Advice needed: Should I upgrade my aws EC2 instance from ubuntu 16.04.6 LTS to 18.04.2 LTS?

I want to add that going from 16.04 LTS to 18.04 LTS doesn’t pose to be difficult keeping current sequel engine however, one needs to make a decision at some point before 20 LTS in regards to when do I upgrade my PHP and MySQL/Maria.
PHP is straight forward however, sequel engine, not so much and depends on approach. There are lots of folks running production on 20 LTS.