Mohze -I think it just depends on what works for you and your own circumstances.
For me, personally, my 11 month old going to bed at a reasonable time is crucial so that I get space to myself. She goes to bed at 7:30pm - 8pm, with around an hour for wind-down, stories, bath if she has one, soft music, gentle play in her room, cuddles and milk. I love this time, so does DP. But, to be honest, she sort of picked this time over a period of a few months herself. She would too tired with a different routine.
However, my BIL/SIL has a 4 yo and an 8mo. 4 yo goes to bed at the same time as they do, which is around 11.30pm, and has a nap during the day still. Currently the baby also has a similar routine, sleeps in the day and goes to bed when he is ready at night.
They both sleep very very well, have great temperaments, no sleep issues at all, 4 yo always goes to bed when asked.
I think this routine is chosen as both parents work until 6pm and get home around 7pm so it means they get to spend time as a family (they live in USA).
that works for them, would not work for me, or for my dd.