There is no single right answer — it depends on the extent of the failure, the condition of what sits under the tiles, and the age of the roof against your plans for the property. But the decision is not guesswork. It comes down to three questions, in order.
1. How much of the roof is actually failing?
A slipped slate here and there is a repair. When more than roughly a third of the covering is slipping, cracking or missing across the slopes, tile-by-tile repair becomes a false economy — you pay repeatedly to chase a roof that is failing wholesale. This is the 30% rule of thumb: past that point, replacement is usually the better value.
2. Are the fixings still holding?
On Llandudno's Victorian and Edwardian terraces around Craig-y-Don and the town centre, the commonest reason slates slip is nail sickness — the original iron nails have rusted through after a century. If slates lift by hand across the roof, the fixings have gone, and re-nailing the whole roof (a strip-and-relay) is the real fix, not repeated patching.
3. Is the underlay sound?
This is the one you cannot see from the ground. Tiles can be re-used; the felt beneath them cannot. If the underlay has perished — brittle, torn, letting daylight through in the loft — then patching the outside leaves the real problem in place. A loft inspection settles it.