I can't say I love wipeouts. There are issues I have with them too, but I use wipeouts extensively.
Most of the building I design are symmetrical, so I draw half the building and mirror it. The wipeouts are used where things differ in the plans.
I use wipeouts in my doors and windows blocks also. They allow me to insert a door/window with out breaking the walls. This allows me to show a RCP without filling the opening for doors/windows back in. I use wipeouts with the windows in elevations, thereby allowing me to move the window without re-hatching, or having associative hatching on. Sure speeds up editing.
The key to wipeouts in drawing order. If you don’t get that right your screwed and a wipeout must also be on a printable layer, else things show through when plotting.
Hope my trick help......