I observe weather models every single day. It's a must, cause it helps with looking for trends. I would recommend not to look for trends beyond 5-7 days, cause most likely it's a waste of time.
I think many look at LR charts and ride an emotional roller coaster. I agree that looking to that data for specific details is foolhardy. But I do think it’s possible to pick up on trends, especially if you’re familiar with model biases and particularly if the atmosphere is of a specific background state. The trend toward a strong -EPO, for example, is a recent example. But your point about relying too heavily on LR guidance is well-taken, subject to a couple of strategically implemented and experienced-based caveats.