I am not sure what the prevailing though may be, but IMO stand development, which can enhance adjacency effects, is more important with LF and ULF work than with small format. The reason is that adjacency effects from small format will be enlarged many times in printing, which makes them much larger and enhances the effect of apparent sharpness. In LF and ULF the edge effects do not get enlarged, so enhancing them more with reduced agitation methods can result in even greater apparent sharpness. Of course, the key is to retain smooth tonalities as you increase apparent sharpness. This is where choice of developer and type of agitation plays such an important role.
As for ways of controlling contrast, there are indeed many other ways. However, reduced agitation with dilute solutions is the most effective way to control contrast and obtain at the same time maximum possible EFS, IMO. I believe that is what Steve Sherman's work shows.
Sandy King