Why the group chat loses
A chat is ordered by time; a shortlist is ordered by preference. Every message pushes the options further apart, so by the twentieth message the first candidate is a scroll away and effectively gone from the conversation.
It is also lossy in one direction only: opinions survive, the things they were about do not. Two weeks later you have "I liked the second one" and no way to work out which that was.
The third problem is quieter and worse. Anyone who joins late — the friend you add on Thursday, the parent who finally opens their phone — arrives at the bottom of a hundred messages with no way to catch up. In practice they either re-suggest something already rejected, or stay silent, and both mean you have lost an opinion you wanted.
When to stop collecting
Shortlists fail more often from being too long than too short. Past about eight candidates people stop comparing and start skimming, and the decision gets made by whatever was seen last rather than by what was best.
A reasonable rule: when a new option arrives and nobody can say what it beats, you are finished collecting and should start removing. The list has become a search result rather than a shortlist.
