For cutting curves I have done it both ways. Cut close to the line traced from a template and sand to the line OR cut close to the line and rout to the template using a pattern bit.
Tonight I used the rout to the line with a pattern bit (top bearing). On the up-grain pass I had a little chip out. The down-grain pass never gives me any problems. I have tried climb cutting on the up-grain pass with limited success. It always grabs and pulls the wood from me.
Which way do you do it? Rout to the line or sand to the line. I always look back at how my TV buddies do it and it seems that Nahmie likes to sand to the line while Marks like to rout.