Exactly!
Why is it good? I think the main reason is:
You have an overview of the pattern while editing. You see the notes and other information while editing and that’s good for orientation. And you could see all the notes and other automation… from all the tracks! And you could quickly jump from editing one track’s automation to another, while having this overview.
I was thinking there could be a hotkey or a global view preset that you’d press and it would enter the automation mode. So you could quickly show and hide the automation.
And it would make a lot of sense to edit vertically with the eventual velocity automation.