Most advice concerning error handling boils down to a handful of tips and tricks (see this post for example). These hints are helpful but I think they don\'t answer all question
Always handle as soon as possible. The closer you are to its occurrence the more chance you have to do something meaningful or at the least figure out where and why it happened. In C++, it is not just a matter of context but being impossible to determine in many cases.
In general you should always halt the app if something buggy occurs that is a real error (not something like not finding a file, which is not really something that should count as an error but is labeled as such). It's not going to just sort itself out, and once the app is broken it will cause errors that are impossible to debug because they have nothing to do with the area they occur.
Why not?
see 1.
see 1.
You need to keep things simple, or you will regret it. More important to handling bugs at runtime is testing to avoid them.
It's like saying is it better to centralize or not centralize. It might make a lot of sense in some cases but be a waste of time in others. For something that is a loadable lib/module of some kind that can have errors that are data related (garbage in, garbage out), it makes tons of sense. For more general error handling or catastrophic errors, less.