Depends on how much fun you want your players to have. Generally, more options = more fun.
This is not true for everyone. Some people suffer from "choice paralysis" - when there are too many options available to them they get a bit of anxiety about which choice to make. It can even happen with something as "trivial" as making a D&D character. Some folks actually have more fun if you restrict their choices down to a handful instead of just having a smorgasbord of options open to them.