Should you destroy or release Elpis in Resident Evil Requiem?

Deciding to destroy or release Elpis in Resident Evil Requiem determines which ending you get, and so if you're here and aren't near the end yet, begone! I don't want to spoil it for you, so please stop reading now. However, if you're at the pivotal decision and want to know what the different outcomes are, I'll lay them out below in detail.

Even though you're about to finish the game, and decide "What does the creator desire?" you can still go back and grab any Mr. Raccoon locations you didn't find...