Niamh, both of the paths in this thread are reasonable, and the thing I want to say first is that there is not a right answer hiding behind your indecision. There is a set of trade-offs, and they are yours to weigh.
The pieces that usually decide it, in the order they tend to matter. Age, because both the number and quality of eggs decline over time and the decline steepens from the late thirties, so a delay of several months can matter more at one age than another, which is exactly the kind of thing your own clinic can put in context for you. How you responded to stimulation last time, because that is the best available guide to what another collection would realistically yield. Money and stamina, honestly counted, since a collection is a full stimulation cycle again with the injections and the scans and the recovery, not a small addition. And the practical detail that frozen embryos are stored under consent forms with limits and annual fees, so it is worth knowing where you stand on those before you plan around a freezer.
Two things worth correcting, because they came up in my own version of this. A frozen transfer is not a lesser attempt or a consolation prize; it is a standard route with its own advantages, and frozen embryo transfer explains what it involves. And "we would be back at zero" is doing a lot of work in your post. A transfer that does not work is not zero. It is information about how your lining behaves and how that embryo did, which is part of what shapes the next decision.
On the last embryo feeling enormous: it is not just you, it comes up here constantly, and I felt it too. Ours was the third round and I remember being angry at how much meaning I had let one straw in a tank take on. What helped was writing down, with my husband, what we would do next in each of the two outcomes, before the transfer, so that the embryo was part of a plan rather than the whole plan.