I have been using railing for fire tape since 2008. It is very flexible and easy to use. The only downside to it, and a big one, is that the wall does not understand the railing (fire tape). It goes against the smart modeling and BIM.
Another very minor (preference) issue is that in 16th scale, it can be small to read . . . if the detail componets are to fit inside a typical 4-6 inch wall thickness.
Autodesk really has no "real" solution for fire rating. Technically, they want each type of fire rated wall to be a wall type. In reality, you will have double or quadruple the number of wall types in your project. This is not practical.
To make smart fire rated walls, you have to go with view filters that filter by wall parameters. Then, control views with view templates. Yes, this can get very cumbersome too because you have to manage lots of view filters (say you have 11 different types of fire rated walls). For the visual crowd, you have to different what is the best hatch pattern that will work with all view scales (hatch patterns in walls are drafting only). Then, pick your poison . . . . railings or wall parameters/view filters but not both.
I haven't learn to attached a photo to this post, but our railings have colors built-in, shows dash dots variations, and diamond for smoke rating.