The one conversion with almost no downside
For a logo, an icon, a screenshot or a diagram, WebP lossless produces a byte-for-byte identical image in a smaller file. Not visually identical — identical. There is no quality decision to make, and the saving is typically 20–30%.
The only cost is compatibility, and for anything displayed in a browser that cost is now close to zero. For a file that will be sent elsewhere, PNG remains the safer format.