Yes I too lowered my BG levels hugely by changing diet only, and upping activity. (From 93 at diagnosis to 40-45 range.) (You folks that use that percentage thing - argh! 10 point something to 5.8-6.3.) I didn't know about LCHF until I had been going moderate to low carb for eight months or so, and then, yes, I have never looked back since, due to really liking this way of eating.
I chose not to take medications, mainly so I can see how my body is responding to the diet and exercise, and leaving the way clear to experiment with different inputs and outputs, as it were. And I am not inclined towards medication use when the non-medication looks as good or better for me. (or ever really, I must be honest.) So, yes, I agree with you wholeheartedly.
But, for those who want the immediate benefit of - it's switching off the liver 'on' switch isn't it? That metformin does. For producing/secreting our body's own glucose? Metformin clearly seems to be a good choice, with a long track record of safety.
My understanding is that is a definite treating the symptom method though - not the liver actually getting better, operating normally. And the reason for taking it (thinking of Jenny Ruhl's extensive discussion of the matter) is to lessen the severity or occurrence of those dreaded 'complications'. I know Ruhl is convinced that it is worth it. Or she was when I was reading her a lot a couple of years ago.
I have always been curious at the amount of non-diabetics I meet or know and love in my life, who believe that taking this medication is THE treatment for insulin resistant T2D - NOT diet and exercise. When I say - quite a few - I mean quite a few folks! (Oh yeah - including many doctors and specialists lol.) "My friend, she just takes a pill" (which I am assuming is metformin) "and she eats whatever she wants. I don't think there is any problem." "They can treat that with a pill now, can't they?" (Oh - dear old Dad!) They then look at me like I am a quack or very eccentric for all these food restrictions (which is how they see it - I don't! Unless it's Christmas.) - especially when all I need to do is pop a pill and it's all good! Grrrrrrrr.
I do like Dr Fung's way of talking about this - that it makes the most sense to treat a dietary disease with diet - which does say rather often, even when he is really interested in a good safe medication that gets rid of excess glucose in the body, as well as the blood (which is when it will save lives big time).
As far as I know, when I was researching this topic back in 2014 and 2015, the research seemed to indicate that nothing compares with lowering carbs (ie 'diet') and upping the exercise (the latter if you have that kind of body type). And now intermittent fasting is added to that list. In terms of improved health and lessened mortality outcomes. But that may have changed now? I don't know.