Sharing options as described in documentation
SharePoint Online is fine.
I liked the announcement that it is now possible to set a default link type for sharing. However the documentation https://support.office.com/en-us/article/change-the-default-link-type-when-users-get-links-for-sharing-81b763af-f301-4226-8842-8d13bd07face?ui=en-US&rs=en-US&ad=US says something different than the actual admin UI:
documentation: "Direct - only people who already have permission"
Admin UI: "Direct - specific people"
I would like the functionality as described in the documentation.