Hec7or- You're not reading the above! The PF flies to TOD, hands over. The other pilot flies Descent down to 1000', with the luxury to brief himself on the final approach and go-around. He takes over at 1000' announces what he is doing 'Manland/Autoland xxx' Baro/Radio', and flies down to limits or visual, called by PNF, and go around or lands. If Go-around, somestage after ATOC, hands over to PNF to handle while he rebriefs himself to take over again at 1000'. Circling and visual approaches are no problem, the PF can take over when he likes- all it takes is 'I have control!' He can then fly the circuit he has been quietly planning to himself in his 'breather' time.
The chief criticism people make, without understanding how it works, usually runs along the lines of 'taking over an out of trim aircraft at DH.......Hahaha'- which doesn't happen. It has its advantages- both pilots always share some flying each leg- it shares the workload and resources better, especially in bad weather. It does work well. But as I said, there are many ways to skin a cat, and you can argue a long time over a few drinks and not really be able to fault either system. But if you are caught in several go-arounds on a poor day, believe me it works far, far better!