The OTO is King of Sample Rate Reduction
perhaps the Elektron Bit Rate Reduction could be viewed as something like the "Saturation Knob" plugin ... the makers of that suggest dialling it in on the master buss until it is audible, then back off until just before the effect was audible, to achieve more of a sense than a sound of warm tape saturation.
maybe that applies to the use of BRR on an individual sound ... a sculpting tool, working in conjunction (although not always) with other parameters.
using the filter often helps find a sweet spot or two with BRR, also adding some Dist on the Vol page.
different sounds occasionally love some BRR like a hihat, or a detuned house chord.
or on a vocal.
when sculpting sound, remember the Vol is there to add punch to a sample or to mellow it's sound pressure perception... whilst the overall Level transparently brings up or down the level of that designed character of sound.