For what its worth, when I started down the road to learn the concepts of mastering (and I'm about on page 10 of 300) I quickly learned that there was far more I could learn in the mixing department. It might be a good blog addition that compares 'I had to make the changes here in the master, but if the mix had (changes in EQ, level, effects, balance), the master process would take less of a change'.
Given my learning, I seem to work on whole projects at a time which include 8-15 songs. I keep all of those songs in its own folder. Then I make a master folder. When I mix down, I usually go to a 24 bit, 96k render, no dither and down 6db or so. Each mixed song in the project has its own master for the project. I have a mastering template (love the templates!!!), which has the CA2A on each track but not engaged, and the Quad curve EQ opened up so I can see the wave form. On the master buss in this order LP 64 compressor. the LP 64 EQ - Waves L3-16. AND A BIG THANKS HERE - on this forum, I heard about a free bundle from MeldaProduction. I follow the L3-16 with their loudness analyzer, Manalyzer and stereoscope. I use the CA2A to take a db or two off of the top from time to time, not always. I use the (magical) LP tools for the brunt of the work, they really are quite good. Then the L3-16 to bring up the loudness while listening first, then watching the three Melda meters.
Three points - I definitely use X3, separate project from the mix with its on organized folder for mastering. There are free plugs out there that really do help (and this forum helps you find just about anything you need) on and above those that shape and control the sound. Sonars CA2A, and LP tools provide the most work ahead of the Waves L3.
I am just learning the intricacies of that maximizer so I cannot compare it to anything, but I think it was a good investment personally. I have learned in this forum that its just a tool - there are so many other good products out there that its a great idea to read a members comment, download the free trial, and see for yourself.
Best Regards,
Lance