The mob grinder collects all the items that the mobs drop when they're killed so you'll still get chicken, pork, beef, leather, feathers and wool. Kind of makes the slaughterhouse somewhat redundant.
I don't need to enchant things that often but I do always carry a Diamond pick with Fortune (primarily to increase the drops from when I'm gathering lots of nether quartz but is also useful if I see Certus Quartz, Diamond, Redstone, etc) and a diamond Axe since treecapitator doesn't appear to work with the gauntlet and they need repaired every so often so having tons of mob essence is useful.
I'm hoping MPS will allow enchants and stuff to be put on them at some point in the future though I'm not sure how that would be possible or if it wouldn't be even more OP.