Although I would agree with you and I'm a huge advocate of PGM simplifying existing to pure context actions and adding missing unique context menus, that action is at least two clicks away.
There is a difference between editing audio and editing midi. Usually, MIDI edits can involve more action tools.

The state of the art in editing is what many companies call a smart tool.
Smart tools change to a behavior that you would expect based on a where you are at on the target.
For example, editing midi the tool will change depending on if you're on the left right top or bottom of a note, when editing audio, the tool will change depending on if you're at the top, middle, bottom or start/ends of an audio clip.

Studio One (latest version), Win 11 23H2 , i9 -10940X 3.3 GHz, 32GB Mem, a 4K 40" monitor, PreSonus Studio Live III Console as interface/controller. secondarily test on Reaper, Cakewalk, and S1 on Surface Pro 3 Win 10 (latest versions).