The option to use an "instrument track" is a personal choice. Most of us still like to have the midi on it's own track. For me a huge reason is I often like to try different VST's.
I don't want to be dragging midi data between instrument tracks. So it makes more sense to me to just insert a different VST and point the midi track at it to see what it sounds like.
If I like the sound better I then delete the original VST instrument track. ( Note for others: in SPLAT you can do this in the Synth Rack, HS doesn't have one)
If I don't like the new sound I simply point the midi track back at the original VST and delete the new VST track.
A classic example is if you use a downloaded midi file. Here's a cool trick for this.
In preferences/MIDI/ devices
un-select all outputs Now when you
OPEN a midi file the TTS_1 GM VST will load automatically.
You will have up to 16 midi tracks and one TTS-1 instrument track.
The song will play using the typical boring GM sounds.
Now you can upgrade the sounds buy inserting better VST instruments like from the Studio Collection and simply point each midi tracks output to the new and better instruments. The sound of the midi file will become hugely improved. Yu may have to change the patch assignments but you can leave the channels alone. For the SI Bass you'll have to transpose +12.