It really is interesting. Textual representations of music (notes, fx commands) are good for representing “events”, whereas graphical envelopes are good for “values”. And color could be viewed as yet another layer of information.
Personally, I tend to favor the “event” type view - e.g. by trying to avoid using envelope automation as much as possible, as the custom LFO envelope can often replace it and thus be trigged with just a few “reset events”.
Just to revisit the idea of a parameter collection: for me, it’s supposed to solve a number of “problems”
First of all, it should make it obviously which parameters are related to each other. This is, or can be, a problem sometimes when I have been away from a track for a while.
Also, sometimes the musical ideas in a song are not that obvious before you hear them. A collection could make this structure more obvious, making the music more “readable” (but this is obviously highly subjective).
Finally, it’s also about convenience: having the parameter right next to each other saves you from having to scan through X number of tracks to look for something - even if you know where a given parameter is located in a complex song of yours, looking at e.g. the mixer can sometimes be quite overwhelming
I’m doing the same thing - it would take someone else to say we are totally off-topic