True, but this is how we used to do it in the old days, when track limitations forced us to bounce with all the outboard effects baked into the track. Producers might not physically ride the faders anymore, but a lot of them are very reluctant to even track vocals through compression onto disk. They want to keep everything available for processing later on.

Now, is this a good idea? There is a lot to be said about having an upfront plan about the usage of effects and placement of parts on the soundstage and committing. This might be a lost art, as I keep seeing Pro Tools files with hundreds of tracks, with stacks and stacks of effects.

yep this is what I do, though I haven't collaborated in a bit. it really is the best workflow at this point and it can be as granular as you need/want it to be.