I prefer to keep a single PDF template for quite some time, often even when there are separate forms for other reasons. Once you've built the logic to do different display from one template based on logic, the limit would be when you think you or a future admin would have trouble following or maintaining the logic inside the template. Vague, I know, but it's very subjective.
I'd probably separate them if one or more desired printouts had really distinctive logic AND didn't use most of the logic of the main multi-form template. Your LATAM subs would be a good example, or any scenario where you need to use one of those nifty multi-country localization templates that changes language and layout based on customer language.