For me, this POV is not a default, and in fact I write stories in all three (1st, 2nd and 3rd person POV) according to what suits the story best.
I am able to, actually, but they are still two different perspectives with different strengths.
One is, as you said, watching a story on the screen, the other is listening to people tell their stories.
I don't personally struggle to make sense of what actually happened in those contexts, though it certainly depends on how well the story was executed in all cases.
Whether it's confusing or convoluted is both a matter of how well the story is written and who is reading it.
Feeling characters' emotions is one of my favorite things about reading a story, and what multiple readers have expressed as their favorite thing about my stories. I consider dwelling on the feelings of individual characters a worthwhile use of my time. I could technically abbreviate the story at any point to what is literally 'required' to let people know what characters are thinking or feeling, but I prefer to give my audience the opportunity to feel it for themselves.