Well, what I'm not sure about is when the ACR sharpen for print setting is applied, since I don't have a newer version of ACR with that option. If it's like Lightroom it wouldn't apply it if you are opening the image in Photoshop, only if you are doing a direct conversion (or saving a file from the Print module). So, it may not matter to you unless you do a direct Save in ACR, but then again it may -- I'd say it would be a good thing to find out. Try changing the ACR option to, say, maximum sharpening for print and then minimum/zero sharpening and see if it makes a difference, first in your ACR preview and then when you Open the file (in Photoshop). Like I said, in LR it has no effect (either in the Preview or directly opening in Photoshop). However, LR has an Export option to open a file in PS after exporting, which may actually carry out the "output sharpening" -- I'm not sure, I haven't checked it out.
Now, as far as your normal workflow, yeah, a lot of people prefer Photoshop to "fine tune" their output sharpening. That's common, although I don't do that as a rule because I typically do my printing through Lightroom. It's a personal choice, and to me I prefer just working on the Raw files without having tiff copies of everything to deal with in my library.