Allow me to offer a slightly different view, and one that I mean without sarcasm or arrogance.
A question was asked that assumes use of the router in a manner not typical. That in and of itself will mean that many people will respond with "I only use the router this way, as designed." That's not sarcastic or arrogant, but just providing a response. Will someone reply who has experience rebooting their router several times a day? Maybe. Will they have any empirical information regarding the impact of that operation to the ultimate lifespan of the router....doubtful.
The reality is that a router is a product that has pre-planned obsolescence. In 2 or 3 years it's going to be obsolete. Well made "solid state" electronics should last beyond that point, so if rebooting of the router decreases that overall lifespan by 10%, does it really matter? 20%...does that matter? 50%...even that probably doesn't matter. If someone could give you statistics that rebooting more often than once a week does cause harm, would you stop doing it?
After all, it's a $200 consumer electronics product. It's not a $50,000 vehicle. Use it as you want and replace it when it breaks with a better and more up to date version...for $200.