I have never been totally comfortable playing on the rise and use it sparingly. Basically, I only use it when I must. I prefer to hit at the peak or just past the peak of the bounce - more time to hit, ball is moving slower, easier to time and easier for me to add pace.
I will occasionally use it on a BH slice approach, return of a kick serve, or on a ball deep to the baseline. Of course, I have to do it on half volleys.