I guess I should be more clear.....
I personally love masonry chimney, but given modern technology I think square clay flue tiles are not up to the task....at least in colder freeze thaw climates. If I was to build a masonry chimney, I would look at either round flue tiles (stronger, better draft) or an isokern type:
(broken link removed to http://www.isokern.net/pages/chim/dmsys.htm)
Or even a masonry chimney with a poured in place liner.....
But when it comes to thin clay square and rectangle flue tiles - I am not a fan. I have had them fall apart when I try to cut them, etc. etc. and they are just not up to the task IMHO....
It's interesting because I grew up in an area where homes were built right, and many homes used round flue tile surrounded by vermiculite and other insulation which allowed expansion and kept them warmer, etc. - but, as you mention, the art was lost - mostly from post war (WWII) up until now.....
I have an article from 1979 where many improvement in the construction techniques of masonry chimneys were detailed - but I'll bet not even 1 in 1000 masonry chimneys use them.....
anyway, that's just my opinion! I love masonry chimneys....for instance, I took 95% of these pics:
https://www.hearth.com/gallery/pics/chimney/index.html
but I do lament that much of the art - in terms of good masonry chimneys being built for the common housing stock - seems to have been lost.