Wow - I have the opposite experience; there is a never a single project where I don't use it ! One of the best, most helpful and flexible tools we have in my book !
Yes, that's fine ! Quad strip mode (edges) allows that exactly as specified !
But as @Igor pointed out, even easier to just click and drag out a whole strip of them in Quad Strip / poly mode.
Once we factor in that having done this we can instantly pick up and adjust any component; point, edge or polygon without changing either tool or mode, and add the ability to extrude by holding control, and you have a fabulously useful tool before you even get to any of its 'special abilities'... for polygon by polygon work and especially retopo and for the tweaking / adjustment phase of meshes I honestly think there is nothing better...
CBR