To me at least, topping up with water is better than running dry. I've nursed a car home with a slow-ish leak by driving slowly and adding water every few miles. Of course, in that particular case, once home I drained completely, fixed the leak, and refilled with 50/50 DI/antifreeze.
I've been known to go as high as 2/3 water in older cars in the summer. I want 50/50 in the winter, but 1 part antifreeze to 2 parts water cools better and still gives plenty of corrosion resistance, wetting, and water pump lubrication.
Modern stuff, if it needs coolant of course gets the proper type in the specified mixture unless in an absolute emergency(and in that case if I do add water I drain as soon as possible). If a modern car is losing coolant, though, it's more important to me to figure out why it's low in the first place.