Well, to refer to Eric's own example: if you select the Fluorescent option it doesn't actually give you a Fluorescent response. That would be a potential pitfall. An entirely other problem of course is the whole idea behind Temperature and Tint, which are a mathematical solution to a 2 dimensional problem, but have very little relation to the photographer's concept of tint, which is more akin to colorcast.
First off, IF I had a daylight captured image and selected Fluorescent, I'd get a less than acceptable image (IMHO) so the take home is, don't select it! That said, the setting could provide a rendering someone might
like. On a few daylight captured images, it doesn't appear as I'd expect from a daylight to Fluorescent "conversion" if you will, mostly a rather cool rendering.
2nd, what you call a problem isn't one IMHO but you are welcome to call it a problem. You may have a beef with the names, fine. Once one explains what the sliders are doing, or even if one ignores the explanation of what's happening under the hood, one just moves them to get a desired appearance, all is fine (no problem). Now if you have specific images whereby the sliders fail to provide an acceptable rendering, we have an actual problem to discuss.
I can't speak for all photographers as to what they conceive for just about anything! <G>