I didn't think they were in the signal path at all... instead simply being a controller for the volume fader which is already in the signal path.
I use them extensively. Not a single project is lacking them on almost every track.
I never use the WRITE AUTOMATION to move the faders. Instead, I add them to the track manually, and make all my edits manually. To me, that is so much cleaner looking in the track and surgically precise.
This picture below shows what my typical projects look like. The yellow volume envelopes are all manually inserted and the nodes are manually added. I zoom in to drop them surgically into the tracks and then zoom back out again to edit them with levels.
I also find them to be quite handy for quick fades at the ends of the tracks..... where I may not really want a master fade.... I can for example, let the acoustic fade slower then everything else or like in the last song I posted, let the fiddle pay on for several seconds by itself after everything else was done and out.
.