How to plant a potted tree would depend on the conditions of the growing medium of the root ball and the roots themselves. In the best case, if it comes in real soil similar in consistency with your soil and the roots are not bound, plant as is. Sometimes the roots are already circling inside the pot, try teasing them loose and spread them out while planting. If the root bound is really serious and can't be corrected, trimming those roots would prevent choking the tree in the future.
Sometimes trees are grown in the very fine soilless potting mix and the tree has a mass of hairy roots, quite different from the trees growing in harder soil. If planting a whole rootball in the ground, the difference in consistency of the two growing media is so huge that the tree has problems adjusting. Moreover, due to capillary effect, moistures tend to get sucked out of the root ball and the roots will dry out faster. This is an older post I made
here. Those trees were removed months later. In this case, maybe it would be better to wash all the peat moss out and plant the tree as bare root. Flood the planting hole so it turns into a mud pile to ensure abundant contact between the fine roots and soil particles. I haven't planted tree this way but have good results with repotting rootbound flowers.