I’d like to be at or near the first flight of a new plane using a time-tested design.
Failure rates (more specifically hazard rates) in most components tend to increase with time (I.e., follow a time-dependent failure model like a Weibull distribution and not a constant rate model). The “bathtub” curve is usually more associated with components with a constant failure rate (where the ideal place is after infant mortality but before wear out).
There are two types of uncertainties here and I think we’re talking about different ones. One is a design uncertainty that can be mitigated using a well-used and understood design. The other is a component failure uncertainty which increases as service life increases. So the ideal place to be is in a well-vetted design with new-ish components.
To reiterate, the hazard rate tends to increase with service life. So as components age, there is an increased risk of failure.
There is basically a curve from where its more risk in the early launches and then gets better, as it nears end of live, risk goes up again.