The hype around intermittent fasting is nothing more than the novice effect & the diminishing returns kick in pretty fast.
For those of us who are already lean + good diet + high activity levels, I'm not convinced that IF really brings much to the table. I'm still doing 16:8, but only because I was eating breakfast in the morning out of habit, rather than hunger.
When I lose weight, I actually switch back to a regular (5/day) meal plan and reincorporate breakfast. That's the best way I've found to lose fat while maintaining muscle and energy levels. My biggest problem with losing weight on IF is that I have a tendency to binge during the eating window. Eating something small every 3 hours is the easiest way I've found to keep this urge in check.
The other benefits are more dependent on the individual. Like you, I tend to binge. But I also weigh myself every morning. If my weight is drifting up I find that it is easier to cutback on calories when I am only interacting with food for a limited time during the day. So yeah, it is a bit of a hack, but I think calling it a psychological shortcut sells it short. A typical modern western meal can easily be more than 1000 calories. And in a time when most folks work sedentary jobs, there is really no reason they should be eating 3 square meals a day plus snacks. From a diet perspective, intermittent fasting is basically just getting people to skip one of those meals a day. Maybe a good alternate name would be the '2 square meals diet'.