With due respect, I couldn't disagree with you more as to how to control fermentation temp. The ONLY thing you can directly control is the air temperature within the chamber. Keeping that as near to your set point temp is the only way to minimize the ferment temp swings which is the primary thing you want to avoid anyway. With the probe monitoring the fermenting wort the control will not kick on until there is a warming of the wort and then a big delay until it once again falls to the set point temp. However, with the control probe monitoring the chamber temperature the wort has a much greater chance to remain stable as the chamber quickly returns to set point temp.
+1 IMO, you have it right. This is also the reason I suggest attaching a separate thermometer probe to the side of the fermenter and insulating it from the chamber air. The controller probe in the air will register fairly wide temperature swings, but without the separate thermometer you can only guess at what the average fermenter temp might be. I can maintain a very steady fermenter temp using this method.