Yes.
You can say it's the best single back exercise you can do. Sure, I'll buy that.
But is it really that much more beneficial than doing say, pullups, rows, and just about anything for hamstrings on leg day? Fuck, throw in some hip thrusts and you're probably hitting more than you would with just deadlifts.
I could make the same arguments against squats. People fucking love squats and will throw a fit about not doing them. But you know what? They're 100% unnecessary to get a good leg workout. Are they the most efficient? Probably. If they had a massive risk of fucking up your back for the rest of your life, would I do them? Fuck no.