There is definitely a time and place for a final reach to a finish. This is something that helps the RC, which in turn can help everyone. Faster, more accurate sorting of finishes (and lower probability of errors and redress hearings) is in everyone's best interest.
Think of another place you might see that type of scenario. Perhaps a B mark on a course with a reaching leg at the bottom of the course? Rules and tactics would be similar, if not identical.
Mike