It absolutely doesn't matter. All that matters is how fast your servers are.
If I'm building a content website, something conceptually similar to a newspaper, I'd go with server-side templating.
If I'm building an app, conceptually similar to a distinct device, I'd go with a SPA.
Any particular reason for not going SPA when building a content website?
Forget that the web exists.
Are you building a newspaper? Go for a website.
Are you building a separate device? Go for a SPA.
SPA is almost always more complex, just think about SSR, proper Open Graph, client-side routing. Why? Just why do you need this to create a digital newspaper? Just because that's how cool guys do it these days?
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