I mulched more leaves this year than any year before. That being said, there were only 1 or 2 times per property I could get by with it. Though some low end lawns got mulched exclusively. My typical practice is to mulch first then bag. Maple leaves especially turn into dust and stems, no matter how many there are, if they're dry.
Kansas Certified 3b Applicator
223 52" Grasshopper
48" MTGHS Walker EFI High Dump
32" Toro T-Bar
PJ 16' Trailer PJ 12' Trailer
2010 Kawasaki Brute Force 650 with Warn snow plow
2000 Ford F250 with aluminum dump bed