for everyday things I think �feel� in the hands of a good mechanic works fine but for critical applications a well calibrated torq wrench with the engineer-specified torq settings is apt to be much better at anticipating variances in materials and bolt composition. A whole lot of money in in high tech applications is spent on torq metrics, it maybe overkill for a lot of things but for key engine assemblies and in particular for softer bolts a good torq wrench can save you a lot of time & aggravation. Also, just because the bolt didn�t snap off does not mean it has not been compromised.
Too loose and the bolt can back out, too tight and the metal can be stressed and thus more prone to failure down the line. You don�t need a map to travel but it can help to keep you on track, �just saying.