As requested by Steve
I have created handouts with Publisher, Word and PowerPoint. Ease of use and quality of result is probably in that order.
When it first appeared I though that handouts would be more useful than it appeared. The obvious benefit was integration but I think this was quickly outweighed by the limitations around editing.
I think we are better served by Faithlife enhancing the functions that enable content to be sent to more powerful external tools.
It might also be good if there was a way to manage external documents I don't think that this would need to be over sophisticated probably as simple as storing the files in a fixed common directory.