It's not even our choice. Depends on how the board view things. It may suit them to wait, depending who is available, particularly if the Martinez rumours are true.
I do find the 'Lampard has no track record' narrative a bit odd. He did get Derby to the Play Offs and Chelsea into the Champions league, albeit struggled his second season.
You could argue the two previous and experienced and decorated managers we had also looked to utter struggle to impose a style or identity. Results and performances were underwhelming for both.
Similarly, Arteta had a woeful run with Arsenal, looked lost, but turned it around. Arguably with less direct managerial experience.
Context, of course, all plays a part and all we're in different situations. It's not looking good at the moment and it will take a real turnaround to convince. What I'm basically saying is I think he'll be given a chance to do that. But it may not be an extended one.