Whenever I am ready to move jobs, I have 2-3 recruiter chats/phone screens per day on top of my normal job as well as some time researching potential employers.

Whenever I am ready to move jobs, I have 2-3 recruiter chats/phone screens per day on top of my normal job as well as some time researching potential employers. I've never joined a company that's given a project because it makes the process slower, it takes more energy and time (during a period where those are typically in short supply), and it's really hard to find multiple uninterrupted periods of time for a project compared to a timeboxed phone call or onsite. I'm not against projects in concept and I've never complained about them to my point of contact, but they make the process slower (your process takes about twice as much of my time as everyone else's) and less exciting. Every other step of the recruiting process is really fun - talking to people about their company and the work they do, but a project is just homework that I have to do alone after work or on the weekend. I've really liked some companies that gave me a project, but I struggled to find time and then I got to the offer stage much faster with other companies that I also liked, at which point its hard to find the motivation to complete the project knowing that it isn't even the final step. While you say you never lost a candidate due to the project, I would challenge you to consider whether you lost candidates due to the perception (fair or not) that your process was less enjoyable and more time-consuming than your competitors' and so candidates received and accepted other offers first.