I mean it's really only seconds in the sense that its "less than a minute" to check out an R8 collet. You gotta get the wrench, hit the brake, loosen the draw bar, spin it out (and hopefully it spins nicely), half the time the collet or accessory doesn't drop out, so you gotta tap it out. Then you gotta spin it back in, hope it spins nicely, get your wrench, crank it down, etc...
It's not a huge deal if you have 1 or 2 long operation to do. But if you have a job set up that requires 6 different tools, and you have to do that job 5 times in a row, the power drawbars make things a lot faster and more convenient.
Is it necessary? No. But it turns a ~45second-1 minute operation into a 3 second operation.
I suspect speed alone isn't the real reason these are popular.

The bolts that lock the turret have 3/4" heads, the bolts that lock the ram have 3/4" heads. The 3 bolts that secure the knuckle (ram adapter) are 3/4". The worm gear that nods the head has a 3/4" hex head (3/4" wrench is there). If I'm not mistaken every single hex head bolt you can see in this picture has a 3/4" head. The hold down kit I have for this table has 3/4" hardware.
Many times, I don't even bother with the spindle brake. I grab my wrench off of one of those bolt heads (usually the turret) and just give it a good yank. Inertia reacts the pull. Your draw bar should not be super tight. One good jerk, and I spin the bar out a little, then usually tap the top of it with the wrench to brake the collet free, then hang the wrench back up, spin the draw bar with my right hand and yank out the tool, and then the collet with the other. If it takes me 10 seconds, I'd be surprised. I never once thought about it.
I'm a little over 6'6". I don't have a riser, tho my machine is jacked up on adjustable feet maybe 8". That puts the head in a comfortable position for me. I think if I couldn't see the draw bar, or needed a step stool, I'd feel differently about power draw bars.
To be clear, I have absolutely nothing against power draw bars. I'm learning in this thread why people like em.
BTW, This fun collet rack was designed and manufactured in New Castle Delaware, which is about 45 minutes to my south. It has slots to hold your 3/4" wrenches in various places and also your Kurt vise handle (also 3/4" hex, or at least mine is). Not sure about the copies of this that say CHINA on the top. Sometimes when you make castings of a casting, you lose some fidelity. This one is a real beaut. Point is, for Bridgeports, 3/4" wrenches are a must have. I have a normal one and a short one that I sometimes use as a speed handle on my vise.