I'm a bit confused about when to use these related actions.

Is my commentary accurate? Are there other differences?
Specifically, I am trying to capture status and comments from a list of reviewers, in more-or-less real time.
The following pattern (shared by other selfless experts in this forum) works pretty well:

but it only writes the responses back to my SharePoint library properties at the end of the entire Approval process; i.e., after every Reviewer has responded.
I am thinking of experimenting with combinations of:
- a Parallel approval process
- "Start", then "Wait" -- or "Start and wait"
- collecting and evaluating the Approved/Rejected results of each parallel process to mimic "Wait for all responses" to ultimately approve or reject the submitted file
Would any other selfless experts care to offer their hard-won experience in reply?