Some comments from @sipa in #12702.

___

Yes, I think `importmulti` is superior in every way, except:
* Slightly less convenient to use (it requires redundant information, as you have to explicitly state what you want to import, and then give the keys/... to enable that).
* ~Doesn't support P2SH-P2WPKH yet~. Added in #14454

The latter can be fixed by just adding support for that case. The former can be improved by adding 'default' cases (e.g. if you prove a WIF private key, it can permit omitting the address, ...).

{
        for (const auto& entry : label_tally)
        {
            CAmount nAmount = entry.second.nAmount;
            int nConf = entry.second.nConf;
            UniValue obj(UniValue::VOBJ);
            if (entry.second.fIsWatchonly)
                obj.pushKV("involvesWatchonly", true);
            obj.pushKV("amount",        ValueFromAmount(nAmount));
            obj.pushKV("confirmations", (nConf == std::numeric_limits<int>::max() ? 0 : nConf));
            obj.pushKV("label",         entry.first);
            ret.push_back(obj);
        }
    }
    return ret;
}
static UniValue listreceivedbyaddress(const JSONRPCRequest& request)
{
    std::shared_ptr<CWallet> const wallet = GetWalletForJSONRPCRequest(request);
    CWallet* const pwallet = wallet.get();
    if (!EnsureWalletIsAvailable(pwallet, request.fHelp)) {
        return NullUniValue;
    }
    if (request.fHelp || request.params.size() > 4)
        throw std::runtime_error(
            "listreceivedbyaddress ( minconf include_empty include_watchonly address_filter )\n"
            "\nList balances by receiving address.\n"
            "\nArguments:\n"
            "1. minconf           (numeric, optional, default=1) The minimum number of confirmations before payments are included.\n"
            "2. include_empty     (bool, optional, default=false) Whether to include addresses that haven't received any payments.\n"