Should I get hybrid bindings or separate alpine and pin binding setups?

It depends on your budget, storage space, and how much you value optimization versus convenience. Separate setups give you the best performance in each mode—the lightest possible touring setup and the best alpine binding for resort days. Hybrid bindings give you 85–90% of the performance in each mode with the convenience of one setup. If you ski resort 40–60% of the time and tour the rest, hybrid bindings are usually the right call. If you ski 90%+ resort or 90%+ backcountry, dedicated setups make more sense.