Yes, that's how I use it. Remember that you can copy edit settings from one image to one or more others, so if you have a series of very similar shots, you can get one right, then copy its settings to the others.
In general, I agree with this approach. However, I don't think it works well if one does "Local Adjustments" in the first image that is saved as a Preset for the ensuing images.
Saving a preset is not the same as copying parameters among files in a session.
That is, although color and exposure may be the same in the following images, composition may have changed slightly and the Local Adjustments changes in the first image may not transfer to the same positions in the following images. Not sure if I made myself clear, but I'm sure we'll find out.
With the copy feature, you can selectively copy only the parameters that you want to copy and deselect others such as local adjustments.
Or, you can create two types of presets - those that contain only global adjustments and those that contain only local adjustments - and apply any of them separately. But that only makes sense if you plan to use those parameters frequently outside of the current session.
Whichever way you choose ... yes, local adjustments might not produce the effect you want if you copy them from a different composition. That's just the nature of local adjustments.