Large project components

Hi all, working on a pretty large project right now and was wondering if it’s a good idea to have components live on the corresponding page that they are being used on or if all components should live on a style guide page. Not sure how others do this when it comes to having an expansive list of pages and components

I would definitely keep all components in a separate page, and not mix with the actual design. In the latter, I would use only instances.