Your average blood sugar over long periods of time is more damaging that having a rare spike in blood sugar. If you are frequently lapsing off your low carb diet or lapsing off your walking/exercise program, then your typical blood sugar will likely suffer, as measured by a Hemoglobin A1c blood test.
If your fasting blood sugar in the morning is slightly above 145 (American) or 8.05 (UK), then your doctor likely will prefer that you to stay on a low dose of metformin (eg, 500mg at bedtime). Interestingly, a recent study suggested that diabetic cancer patients taking metformin were twice as likely to be alive than other diabetic cancer patients, so perhaps there are additional benefits to metformin beyond just blood sugar test results. In addition, some of the reasons that persons with diabetes die early are related to your lipids (eg, cholesterol) and therefore your doctor likely will not stop your “statin” cholesterol medication unless your “cholesterol” test results are super excellent.
When I see people talking about “intermittent metformin” it is more related to taking metformin for a month or so during a lapse in diet and exercise rather than in only taking metformin for one day once in a blue moon. And if you are lapsing from your diet and exercise more than once in a blue moon…before long you likely will end up back on daily metformin and a daily statin.