there's no "best" approach.
at any point, if you know EXACTLY
what you're doing
AND EXACTLY
why you're doing it... you should keep going.
if you don't... you should stop.
that's basically all there is to time management on this exam.
I tried this during the CAT and did the algebraic way and spent too much time on it.
What would be the best approach and how do we decide to go by 'Testing cases' strategy and not any other?
the prescription here is very simple -- although you need a solid dose of self-discipline (and an awareness that there is no "partial credit"!) to do what you need to do consistently.
basically, the deal is this:
if you're doing algebra, and you are 100.0000% sure that you understand EXACTLY WHAT you're doing, and EXACTLY WHY you're doing it... keep going.
if you are LESS than 100% sure... DO NOT KEEP GOING. because at that point you're basically just doing random steps -- which is what you'd do in school in the hopes of getting "partial credit", but, "partial credit" is not a thing here.
thought experiment:
imagine that you're building some furniture out of VERY expensive, VERY rare wood.
think about how conservative you would be about drilling holes in this wood: you would ONLY drill holes if you were 100.000000% sure you were drilling them in EXACTLY the right places (and also understood WHY the holes go in those places, in terms of the finished product).
...otherwise, you wouldn't drill the holes.
you should approach algebra on this exam just as conservatively.
...BUT...
if you DO know exactly what you're doing, and exactly why... then DON'T HESITATE! just DO it!even if you end up writing out (c^2 – 2c + 1)^2 and expanding it out, and then writing out (c^2 – 1)^2, expanding it, and subtracting those terms out... this won't take THAT long. the former expansion has six products; the latter has four. that's definitely not a crazy number of steps -- unless YOU talk YOURSELF into thinking that it is!