I had a tankless WH in one house, with a recirc pump on a timer. I ended up switching the pump to always on, and controlled it with a remote christmas lights switch (radio remote). My complaint with the system was that the TLWH would shut off at the low flow rate I preferred when washing dishes by hand, and other uses. I moved from that house before perfecting a solution to that problem.
My current house came with an electric tank heater. I was planning to install a propane tankless WH, instead installed a solar panel system, so most of the time the sun heats the water, in a roundabout way.