I generally use very few lot traits, and don't need more unless they cover a very specific usage: restricting age/gener/social class to certain lots. This can probably be done by a door, as well, might be just as good. I don't want my poor sims to show up in a stylish restaurant, not even if they wear their formal attire (which in some cases is the same as their everyday). I don't want rich or top famous sims to show up on a lot I designed as a dumpster camp. And it would be fine avoiding grannies on a teenage hideaway location etc.
Reason I removed many lot traits is the animations above a sim's head. There might be modes for turning those floating icons off, but I basically do fine building skills and communicating without those lots. In a library it's cool to learn faster though, but not with the air full of light bulbs. :)