It's fairly common with these things that people start out trying to emulate an entire tape workflow which would mean putting one on every single channel (sometimes even 2 instances one for record to multitrack and one for playback on mixdown) and then another instance on the master to emulate recording the mix to tape.
Once the novelty wears off you may begin to to question if it is helping in every place you put it at which point you just take it off any channels you prefer clean.
it's also quite common to use a 2" deck for the tracks (or buses) and then a 1/4" on the master emulating typical mixdown machines from the past.
You might also do a search over at gearslutz where people including Slate himself are describing their favourite settings for channels/master.
Watch out for the low end boost (head bump)...not a problem mixing into it but too much if you already shaped your mix and eq'ed stuff.
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