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James_Miller comments on Rationality is about pattern recognition, not reasoning - Less Wrong
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Some contrary evidence about usefulness of explicit models: http://www.businessinsider.com/elon-musk-first-principles-2015-1
My take is that you need both, some things are understood better "from first principles" (engineering) others are more suitable for pattern matching (politics).
Yes, as I say in another comment, my sense had been that what works best is 50% intuition and 50% explicit reasoning, and now I think it's more like 95% vs 5%. If you're spending all of your time thinking, that still leaves roughly an hour a day for explicit reasoning, which is substantially more than usually.