I also believe that it is less about the threshold and more about not wanting to step down. And of course, you can align that with the terrace. Whether you build around the windowsill or not, I would depend on the windowsill (walkable or not?), personal taste, and the desired design of the terrace. For example, I am currently planning a terrace as a wooden deck, which is supposed to be at the finished floor level. The window frame remains below as an approximately 3cm threshold, and where the terrace is in front of the floor-to-ceiling windows, there is no windowsill. The terrace is supposed to go into the reveal. Whether I actually put a channel in there, I don’t know yet, since the terrace will be about 40cm above ground level. From my point of view, the slope of the terrace should be sufficient to drain the amount of water arriving on the terrace. And yes, I will not lay the boards tightly together, even though cow dung surely should not be able to fall through there either. Where there is no terrace (I still have three more floor-level windows), I will probably install walkable stone windowsills. There you will have a step to get into the garden...