I'm probably somewhere in the middle of those two options. I'll deal with anything that's within arms reach, if it's not in arms reach I'll keep sending good, on-time passes until I can recover the drop. I try to give encouraging feedback during the run ("nice!, that's it! more like that!")
But I'll save more detailed feedback at the end of a run if there's a consistent problem (eg, "those passes got longer as they went on" or "you're consistently sending half a spin too much")
Oh, and because I'm British, I'll spend as much time apologising for not being able to catch everything...
However, if I'm passing with an experienced passer[1] and trying to improve my throws (which given that I pass about once a year these days, leaves quite a lot of room for improvement) then I tend to criticise my own throws and actively seek detailed corrective advice.
[1] which basically means Mamph
by Little Paul, in response to this post 2015-12-04 14:52:58