It’s like face orientation with mesh modeling. It’s useful, but you don’t use it all the time. Some people add it to their quick favorites menu. The hotkey for quick favorite is Q. To add it to the quick favorites right click on the option and click add to quick favorites menu. When you have mouse cursor over the UV editor and press Q you can then turn it on and off. As for the type drop-down I haven’t tried to add it to quick favorites so don’t know if that will work
