I know I'm going to get stomped for disagreeing with Obtunded and Mystic, but IMHO, if you sort your brand new untrimmed, non-uniformed, brass by weight prior to neck turning or reaming, and provided that all that brass comes from the same manufacturer and case lot, you are sorting by volume. Once you have trimmed and uniformed primer pockets and flash holes, and turned the necks, then I agree, there is no way of knowing what it is you are weighing. Once the brass is sorted into groups, there is no need to move it from one group to another throughout its life.
As for whether or not it is a wast of time, when shooting at extreme long range or when shooting in competition, if you can measure it, it matters, and if sorting brass into groups of +/- .5 gr makes you feel better, even if the results on the target don't necessarily show any difference on any particular day, then it is worth it. With an electronic scale it doesn't take very long. If you believe there is a variable you can control, and you control it, that will make you more confident of your ammo, and confidence wins matches. Consider that a difference of 25 fps will produce a vertical spread of 2" at 1000 yards, and keeping the extreme spread of your ammo's velocity to single digit variances requires a high degree of attention to detail, and a uniform velocity spread is but one element of what makes accurate ammo.