Recently I learned about the topic.
Decades ago, when no computational power was available for engineers, it was surely helpful in some way. But I do not understand what the advantage is nowadays, because with any math-tool I can compute poles for a given closed loop system quickly without the need to have ~10 construction rules for loci in mind. Within seconds I can visualize the results on pole locations when I change a parameter in the control function.
Additionally: it is seems only usable when there is only ONE parameter to be changed. But even in the case of a simple PID controller we have three parameters to be changed simultaneously.
Note: This is not criticism, I just want to understand why the method is usually taught. It seems for me, it is more a "didactical concept" which helps to understand what's the effect of changing a parameter but not really a design tool.