I know you said you didn't want experience with other enlargers, but this may be rather generic.
One advantage that I found useful with the Omega version - which looks like it should work the same way - is that it makes it easier to handle the glassless carriers and to insert film into those carriers.
My practice was to remove the masking attachment and negative from the negative stage of the enlarger all as one sandwiched unit. They would sit flat on my counter or baseboard, and the masking attachment would hold the bottom of the negative carrier quite still while I positioned the negative. I could, if I wished, also provisionally position the masking blades with the sandwich on the flat surface, in the light.
You are correct in observing that the masks cannot be used to create a sharp border, because they are at a different plane from the negative. But they do cut down on stray light. That becomes particularly important with the 4x5 glass carriers, but it also helps with the glassless carriers.
I don't know whether the LPL masking attachment can be inserted turned 90 degrees - the Omega one could be, which was useful when that helped with making large prints from rectangular negatives .