It's more of an open question and I'm just hoping for any opinions and suggestions. I have AWS in mind but it probably can relate also to other cloud providers.
I'd like to provision IaaC solution that will be easily maintainable and cover all the requirements of modern serverless architecture. Terraform is a great tool for defining the infrastructure, has many official resources and stable support from the community. I really like its syntax and the whole concept of modules. However, it's quite bad for working with Lambdas. It also raises another question: should code change be deployed using the same flow as infrastructure change? Where to draw the line between code and infrastructure?
On the other hand, Serverless Framework allows for super easy development and deployment of Lambdas. It's strongly opinionated when it comes to the usage of resources but it comes with some many out-of-the-box features that it's worth it. It shouldn't really be used for defining the whole infrastructure.
My current approach is to define any shared resources using Terraform and any domain-related resources using Serverless. Here I have another issue that is related to my previous questions: deployment dependency. The simple scenario: Lambda.1 adds users to Cognito (shared resource) which has Lambda.2 as a trigger. I have to create a custom solution for managing the deployment order (Lambda.2 has to be deployed first, etc.). It's possible to hook up the Serverless Framework deployment into Terraform but then again: should the code deployment be mixed with infrastructure deployment?