In reply to EdS:
People who say SRT always seem to think they have the best methods for ascending ropes...
More seriously though, I'm sure that the jug&footloop+croll+pantin is easier than the jug&footloop+grigri+pulley method for a ascending a free hanging fixed line, but for following/cleaning a steep or traversing pitch I'm 99% sure it's worse.
The method you describe (or variants on it without the pantin) are often recommended on the Mountain Project big walls forum for long free hanging jugs which climbers sometimes have to do if they've fixed several pitches at the base of one of the steep el cap routes. Even then lots of climbers choose not to do it, because they don't want to buy a croll, chest harness, and pantin they'll only use once every 5 years!
Post edited at 15:45