If you are on an Apple Silicon Mac and do professional audio work – yes . The performance gains and stability are substantial. If you are on Intel or Windows and your v12/v13 plugins work fine, you can skip v14 for now. But know that future macOS updates (macOS 15, etc.) may break older versions.
Previously, achieving parallel compression with these tools required routing signals to aux tracks or using third-party splitters. The Mix knob allows you to dial in heavy compression and blend it back with the dry signal effortlessly. Instant Gain Staging: waves 14 plugins