I use a pre master track because i wanted to check certain buss effects that are in PRE fader settings, such as the buss reverb.
If i pull the premaster down, i can hear all the PRE effect settings.
I got this idea when ever i was using reaper to mix. Reason doesn't have the same functionality as reaper, so to emulate it i routed my groups to a pre master.
Rather than muting individual channels, i just mute the pre master. And that's kind of the basis for my grouping philosophy.
One other thing i do is a low cut and a hi cut on the pre master. in reason, low filter and hi filters are set to a max at 20hz and 20khz. And that's like the maximum i think their eq's go, which you don't need to go higher than that.
And after writing this, and thinking back....I find that the premaster channels allows for a completely dry mix to be achieved, because there's no other signal other than your inputs that are going into it. This maybe a function of reason, but if i were to render out my pre master track, i'd get all my input signals with no buss/aux effects on it.
So to me, it separates the mix a bit further with the buss/aux/send effects and the input signals.
But outside of the filters, i don't mess with it.