Rate Wheel Usability

I feel like the Rate Wheel is kind of handy but it is also very limited for it's use given how much real-estate it takes up on the console. I think it would be awesome if there was a way to have it also be able to control and roll selected effect rates.

A step further that I think would be amazing would be if it could be like a filtered encoder almost, but could roll multiple parameters over a fixture or alternatively be able to control the same filtered parameter(s) over multiple fixture types.