Do I suggest engine braking in an automatic in the general case? No, generally because the torque converter isn't too happy unless it was specifically designed for it. However if you are going down a steep mountain you better downshift even in an automatic and use the engine, or when you get to the bottom your rotors will be glowing red, your brake pads will be disintegrated, your brake fluid will be boiling and your car will be smelled from miles away.
Yes, I have seen people brake all the way down the I-70 coming over the vail pass in Colorado, and it isn't pretty... if it doesn't break everything your rotors are going to be warped completely...