That said, I think that vanilla Ableton provides a whole lot to collaborate with. Maybe there are a lot of people for whom the base set works, but "do you have Apollo UAD + the Neve preamp plugin?" or something like it is not a rare occurrence.
Now, is this a good idea? There is a lot to be said about having an upfront plan about the usage of effects and placement of parts on the soundstage and committing. This might be a lost art, as I keep seeing Pro Tools files with hundreds of tracks, with stacks and stacks of effects.