Sometimes.
I work my loads 100% for accuracy with disregard of velocity readings, in other words I go by the target. Then when settled on a load, I shoot the rifle at ranges from 50 to as far as 400 yards in 50 yard increments depending on the rifle and it's use and make a chart of the trajectory and stick it on the scope.
That is the most accurate way to find the curve of a firearm in my opinion. Now, depending on your testing methods, some require a chronograph like the Audette Ladder which is supposed to be very reliable. I do realize that not all shooters are blessed with facilities to shoot at long range and in that case a chrono can help save your bacon and give you a rough idea of what the rifle will shoot, trajectory wise. I used to use mine all the time till I discovered that the chrongraph and ballistics program varied a lot from the actual walk and shoot method. When I have a target in my hand and the group is 3 1/2" low at 300, it's pretty hard to argue the gun shoots 3 1/2 low at 300 regardless to what the program says.
I feel that the actual velocity of a given rifle is just a number, some are high and some are low. I've also seen where the lowest S.D. did not translate into the best shooting group.
I guess you could say I don't use mine much, only to satisy curiosities as to what speed a certain load is running which is seldom. The grounghogs and deer don't seem to care, nor do the paper targets. But I may not be using mine to it's fullest potential?