Yes, the main goal is to sort/group them by domain.
Most of the time I have it set to sort by ‘time changed on’ (the default). However, I recently wanted to remove/trim/clean some of my monitors (~50, spanning ~10 domains) and thought this would be useful. I would then switch it back to ‘time changed’ when I finished cleaning.
I usually don’t manually enter a name. So sorting by name just produces a random order.