I like transcribing in Premiere. The one thing I wish it had is the ability to Export the transcription as an SRT - without having to create captions. I don't need the captions as a track. I just need to create an SRT from the transcription. Most third party AI's will allow you to export a transcription as an SRT without creating a caption track.
That would be my suggestion.
(Note: Subject changed my moderator.)