As someone who used the exact setup (MS front + PBSF rear) 10+ years ago, I can say that a lot has changed. During this 10+ years, smartphones have become ubiquitous, and there are more drivers on the road, so it's definitely more dangerous out there now.

I no longer commute but I run front and rear lights day and night. You cannot be too safe.

Talking about just the rear now, I've been impressed by Lezyne lights. They are very bright even during the day. I used them as daytime lights until very recently, when I switched over to a Magene radar light (the Garmin Varia is a more popular model). The radar alerts require a head unit (head unit beeps when vehicles approach, and there's also a visual indicator on the screen) but you can also run the light on their own - it flashes when vehicles approach rapidly from behind. For a while I also used a Cycliq Fly6 camera light and while it works well I prefer to just use the radar light. I still think the Lezyne is brighter and more noticeable but I prefer the radar functionality nowadays.