It's a choice for sure. If it doesn't create any issues, and consistently works well for particular growers for very long times, then I say stick with it.
I have lots of osmocote too - but I only use it for my regular garden plants and pot plants.
For my own orchids ----- I prefer once-a-month application of weak fertliser on the first day of each month (and mag-cal at 2 weeks into each month).
Manual control for fertiliser and mag-cal has worked really well for me for very long times.
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