No offense taken.... In general, wood + FEM is a challenge. So, I understand the general reluctance to use it with wood. However, in this case, I'm talking specifically about the FTAO procedures and really only thinking of a single wall.
The comparisons that I have done have been mostly for a single opening wall. The various hand calc methods can give wildly different results from each other. See the
WoodWorks presentation on the subject for example.
What hand-calc method is best, I can't say conclusively. I'd think the two most widely used examples seemed to be the one from Breyer's 6th edition (which was removed from future editions of the book) and the one from the SEAoC Seismic Design Manual - volume 2. And, those methods seem reasonably accurate and mostly rational. Though I remember that both methods have some internal inconsistencies in their assumptions. I don't have my detailed notes available to me right now, but the chicken scratches I've written down suggest something like a 10 to 30% difference from the FEM results. Some panels show higher shear and some lower shear.
My real issue is that those two procedures are not easy or straight forward. They actually get very cumbersome even for simple walls with a single opening. When the geometry gets more complicated (i.e. multiple openings, asymmetry in the opening placement, et cetera), I can't imagine how painful they would become. You have to make so many (possibly questionable) assumptions just to get results that I tend to lose faith in the final product. Sure, you can run the calc multiple times with multiple different assumptions to try to "envelope" the results. Maybe that's what others are doing.
I tend to think that a simple FEM plate analysis of the sheathing will shed some light on the expected behavior of the wall more easily than fumbling through multiple hand calc assumptions. Of course, that's coming from someone who is an expert in interpreting FEM results. At the very least, I would think the FEM analysis would shed light on which hand calc assumptions are reasonable and which are not.
There are certainly some pitfalls with the FEM results (localized stress risers for example) that could be problematic for many engineers. At RISA, we've really tried to address that with the way we post process of our FTAO wall results. But, I didn't really want to get into the details here because then I come off as a sales / marketing guy who mostly wants to sell software. I prefer to come across as fellow engineer who has spent lots of time with FTAO walls and has something useful to contribute to the forum....