Of course it does. You just need to concentrate on the result, not the process. Wavefolding, for example, is very common in VSTi, even though it usually sounds pretty terrible compared to other ways of creating distortion.
Not really. It sounds to me like what getting into modular did for you was to focus your attention on things you like to do, rather than things you cannot do in software. Having listened to your music a bit in the past, I certainly don't hear anything I think I'd have trouble reproducing ITB. i.e. There were no "how the hell did he get that sound!?!" moments.When I make music with modular I don't even think in terms of "notes." Complementary pitches certainly, consonant frequency ratios for modulation, etc. sure. I work a lot with drones and plenty of hands-on control (sometimes combined with simple sequences, but more often with algorithmic or generative sequences). It is a very different experience from drawing rectangles on a piano roll or recording keyboard noodling.
In fact, the other night I was mucking about with Quanta and Straylight for a few hours and came up with something I think would probably fit in well with your stuff. It was a nice evening of distraction but at the end of it I didn't see any point in saving the project, it wasn't even worth considering as an intro to a song or a suture to put between songs. Which isn't to diss what you do, although personally I don't value it highly, just to point out that for a lot of us it is a very small part of the overall process we go through (hence my comment about "focus").