For me, it depends on the type of show. I work as the resident SM for a ballet company, and the SM always calls the shows from SR. However, every time I call a straight play, I'm always in a booth.
When I first started calling ballet for small companies, I preferred to be in the booth, due to limited tech time, and the fact that there was no monitor. However, it felt strange.
It may seem strange and stressful, since the candy drawer is in my console and dancers are always getting in there while I'm calling, hanging on me, watching my monitor (thankfully it is in color) or using my console as a warm up barre - but I love it. I have had to make my ASM play bad cop and get supernumeraries away from me when I'm in a difficult sequence, but I wouldn't have it any other way. The dancers can tell when I'm in a serious concentration mode, and when I'm relaxing between cues. Actually, the SM's for our ballet company felt ostracised when they were sent to the booth - if the show had too many sets in the way and the SM couldn't see to call the show. So far, I haven't been sent to the booth, but I may this coming season.
Another SM on here mentioned that their SM console was on wheels and sometimes she had to move it for large pieces of scenery. For our R&J ballet, it's so tight that while you're flipping cue lights and calling the show, you have to roll your console out of the way for Friar Laurence's cell, then move it again for Juliet's bedroom, and back again. We actually had spike marks for the console. That was far too much, so the SM was sent to the booth while I flipped cue lights and rolled the console around for him. I'm planning on making a change for us when we do the show this season, biting the bullet and calling the show from the booth, but taking the cue lights with me, so that my ASM can actually manage her side of the stage.
Calling the show from the stage or the booth greatly depends on what kind of show you're doing, and the facilities that the theater has to offer. No monitor backstage? Then you're probably not calling from backstage unless you are on a wireless and run around all the time. No ASM or infrared monitor to help you know when things are set or the stage is clear? Then you're probably calling from backstage.
It's all personal preference - and we work best where we know we work best.