Obviously it would take a large and complicated study to determine the advantages of one over the other.
Since I also grow Orchids, we are obviously foliar feeding our plants. When we water we are drenching the entire plant with fertilizer water. There are dozens of other Orchid growers on my island and experimenting with fertilizer and discussing it is common among us. For Orchids it has been determined that a combination of time release granules in the media and watering with a weak solution of soluble fertilizer gets the best results. Important to water with plain water at least one out of four waterig cycles to rinse the salts out.
Believe it or not, Orchids are Succulents. Orchids store water in their psuedobulbs, leaves and/or roots for survival during the dry season. They are not dry growers like cactus. They can live in rain forests where they get daily watering, but they must dry out. 90% of home grown orchid plants are killed by too much watering (the roots rot from being kept too wet) Does that sound familiar?
I seem to jumping off subject. I do believe succulents can benefit from foliar feeding when done as a drench. As with any chemistry the watering should not be done during the hot, bright sun times of day. The droplets can magnify the intensity of the sun and cause phytotoxicity with your added ingredient, whether it is a fertilizer, pesticide or fungicide.
I use the same combination of fertilizers on my succulents as on my orchids. I do use less fertilizer on the succulents than on the orchids since I believe that rapid growth in succulents is a bad thing for it creates soft growth that can be easily damaged.
Of course, if what you are doing now works for you, stick with it. Adding trace minerals to your fertilizer program is a good thing. Most fertilizers do not come with trace minerals and your potting soils do not have any either. Read the label next time you are buying fertilizer and get the package with trace minerals listed.