I've never seen us outside the top flight but here's my two cents anyway.
It feels like there's not really much in-between. In the best case scenario we go down, scud the rest of the league, get some decent away days and come straight back up and it's like we've never been away. Would I occasionally take that over another season of bottom 6 humdrum? Absolutely.
The alternative is an absolute hellscape though. Losing any remotely promising players to the likes of Killie or St Johnstone, getting pumped out the cups by the same teams and spending a decade at least in the Championship/League One? Get that to absolute fuck.