IBM selectrics were essentially word processors. The input and output made an easy transition into the current office environment. Paper and a rollerball was far superior to any printer or monitor I saw in those days.
The Selectric wasn't the only single-element typewriter design. There was also a Triumph-Adler design which used a cylindrical type element instead of a ball.
Any insight on friden flexowriter?
There were Selectrics set up as terminals, though, as the mechanism was well-suited for it. I think IBM called it a 2741. I never saw such a beast, though.