"New Terminal at Folder" does work if you right-click a folder... but NOT if you right-click the background of a Folder you already have open. That's the primary way I want to open Terminal.
But more importantly it's the UX difference between these two images:
You can definitely already launch applications and scripts in macOS via "Open With" or the "Services" submenus.
Service Station moves them to the top of your right-click menu, gives them icons, and lets you completely customize the menu including targeting menus to show for only very specific selected file types.