Another option that's real quick is select mute tool (F10 twice by default) and sweep select in the bottom half of the clip the section you want quiet. Reverse it by sweeping in the top half. F5 takes you back to the smart tool.
If you are doing that a lot in a session it gets even quicker because you only need to press and hold F10, sweep mute/unmute and then release F10 to get back where you were. It becomes an almost subconscious thing to do - like a lot of the 'new' methodology.