Oh my goodness, how long have Those been there without me knowing?
So glad I asked that question now. For the same thing, if I had to mask something and needed a shadow or something like that I was precomposing that layer first, then adding an effect.
I was hoping it was Slightly better than Photoshop, but it looks like it's a straight tie over to Photoshop. You can't reorder layers styles. Bummer. Too many times, in photoshop, I wanted to reorder, and even duplicate, a layer style.
Yes, it has more than a few "quirks" especially STROKE - if you want real control, then the traditional methods like solid/mask/precomp etc. may work better, but for the down and dirty stuff (and in particular temp work), it's nice to have.