Q1/2: Real estate and the freedom to adjust the workspace to your personal preference is key.
As I edit on a 49" curved wide screen monitor from LG, I always customize my workspace by switching the Source and Program monitor around. The program monitor sits in the middle, while the Source monitor is on the right. I tend not to use the Source monitor that much anyway, as I often do multiple sequence or pancake editing, drag or copy/pasting portions of clips from one sequence to the other. Thus, in a way, I'm using the timeline as a source.
Q3: I will need to do a project to find out.
Q4: I definitely switch workspaces when I do extensive color grading work. What I find puzzling, though, is that as soon as you drag one of the sliders in the Color tab, the effect Lumetri Color gets added inside the Motion and effects tab. IMHO, Adobe should assume the editor wants to adjust color in any way, shape or form in the first place, so you might just as well add an empty version of the Lumetri Effect by default. Or at least give me an option to set this in Preferences. Most filmmakers I know, shoot in some form of Log, which *requires* color correction, even if it's merely applying a LUT. I *always* color correct my footage, and, if there's time, I dig deeper into color grading.
Q5: It can be useful for first-time users. Or as a resource whenever a new version comes out. But it should be easy to get rid of as well, since it takes up valuable real-estate.
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