In the landing and landing attempts I've seen from the Falcon 9 first stage boosters, the landing legs are always deployed just a split second before landing, right when they are about to touch down.
Any idea why this is? It would seem that deploying them earlier would provide a greater drag surface, reducing the fuel needed to slow down. If they can hold the whole rocket up, I'd imagine they should be able to deal with the stresses of opening in flight.