That is my workflow as well. Although I don't click the middle, I just hover over it. Then I don't "wait a second or two", as the context menu displays immediately. Before this grip edit function was available I used a small lisp I wrote that would add a Bulge factor of 0.25 to selected segments, which I would then go back and edit using the 'near osnap...so very similar steps for as far back as I can recall.