Don't know if there's been a topic like this one, sorry if there has been but nothing that I've seen recently.
Let's get started.
One feature that we could benefit from while searching for a STOLEN (not lost) phone is turning on the location settings only, not GPS and location. This will let us get an approximate location and get closer to the phone (without triggering the GPS notification), and then when in the area, the GPS can be activated to get the exact location.
Often the location, which is based on the cell and wifi signals, can get a pretty good accuracy when in the urban areas of the cities, often less than 20 meters accuracy, which is pretty good. GPS location can go into the single digit accuracy while in the open areas (not inside the buildings).