You can do that well enough with Debian's "testing" and "unstable" release channels. Aside from the few months leading up to a new "stable" release, which usually isn't a big deal (and fixing regressions in "stable" should then be a higher priority anyway). Just don't install it on systems that you actually depend on to keep working. But running it on your desktop at home that you only use to play and experiment with is just fine.
Despite the reputations, I've had far fewer issues on Arch-based desktop distros than back when I was rolling Ubuntu and Debian.
That said, Debian on a server every time.
When people switch to arch they typically set things up from scratch, end up choosing simple tools and avoid most of the unstable stuff distros push onto you.
The wiki has more info on this.
https://wiki.debian.org/LTS https://wiki.debian.org/LTS/Team https://wiki.debian.org/LTS/Funding https://wiki.debian.org/LTS/Extended
You're right stability comes from testing, not enough testing happens around Linux period, regardless of which branch is being discussed.
It's not easy testing kernels, but the bar is pretty low.