[RyanC]

A lot of sessions are setup with a master fader on the output that feeds the speakers. This is actually how Avid writes the manual/quickstart guide.

I use a buss myself (template has one actually named 'bounce buss') so I can split multiple feeds after the 2. But going by sessions that come in for mixing it is pretty common. OTOH for myself I rarely use master faders (especially in the floating point era)...Even in the TDM days they always got left out of my sessions for the lack of aux sends and me being just barely old school enough that my brain needs gain staging to be 'proper' even if it doesn't really matter (can of worms I know).

That's the beauty of PT IMO, it's still (thankfully) the only daw that won't try to stop you from making a feedback loop.