Another thing to consider and a very basic concept of formation flying is wingman consideration. From my experience, the vast majority of formation leads (in game) have their throttle(s) at the forward stop during climb, and sometimes in cruise. In that situation, you, as wingman can only stay in formation by judicious use of WEP (which it is not intended for). After getting in position with WEP and disengaging it, any small variation in control input will cause the slightest amount of drag and cause the wingman to fall out of position.
The few formation leads that are considerate of their wingmen, will never (except when "fight's on") have the throttle(s) at the forward or rear stops, thus always allowing the wingmen a power advantage to use in maintaining formation position.