Marshall
Never used punch in or out. And the theme editor is redundant for me, I can't believe how good SPLAT looks on my big monitor just as it is.
Ditto for Punch In/Out. It's a holdover from tape, and has been deleted from my Control Bar. Now I start the recording a couple of bars early, get the feel, play what's needed, and Slip Edit the extra recorded time.
Then again, since the developers are busy adding and improving, REMOVING anything seems a waste of time. After 14(ish) years with Cakewalk, one of their best selling points is workflow versatility. I can use it for strictly electronic music, record live like tape, or any point between.