yes, LTT, or as they are called in previous-year-Adobe-Lingo: Dynamic Link, is actually quite fast and very usable as long as you keep the AE project file small and simple. This is also the way i do it if i know i dont have to deliver the Premiere project file to someone else.
Lots of things are so much simpler and faster to set up in AE vs the new Graphics module of Premiere.
If i need to be sure it works with other editors Premiere setup, and the texts doesn't need any animation that cant be done inside Premiere, i often just set up the text in Photoshop on several layers and import those layers into Premiere. This was the text layers are still "live" if any changes needs to be done but will act as regular pixel layers in Premiere since Photoshop saves a rasterized version of the text layer in the PSD.