View oragnization showdown: View Components vs Partials

Ever wondered when to use a partial vs a component? As usual, it depends but I generally fall into one of two camps on this topic:

1. All general UI elements are components and all app specific views are partials that use the components. This would give you Button, Panel, and Modal components which would be used in a posts/_post.html.erb partial.
2. Everything is a component. The only partials are things that directly integrate with Rails, and even these should be a thin wrapper around Components. This would look like:

<!-- app/views/posts/index.html.erb -->
<%= render partial: "posts/post", collection: @posts %>

<!-- app/views/posts/_post.html.erb -->
<%= render Posts::CardComponent.new(post) %>

I haven’t yet decided which option is the silver bullet. How about yourself? How do you organize your views?