Rails and the parallel guides are great for sheet goods, but I also cannot find a consistent, accurate way to rip narrow stock that does not fully support the rail in length OR width. Fiddling with spacers (assuming you have scrap available) is just a pain and unless the rail is perfectly supported by the material, I find it sometimes yields unsatisfactory results for me. I recently had to joint a face frame style edge into square because the rail must have tilted while making the cut, so the result was an edge that was just a bit under 90-degrees, even though I thought I had sufficient support. Argh!
The parallel guides work great for ripping narrow strips from large sheet goods, but they are a pain if you have multiple length pieces from which you need to cut thin stock from. Constantly adjusting the arms on the rail for different lengths of wood is frustrating for me. I even installed an Incra flip fence on the OUTFEED side of my MFT so I can repeatedly cut thin strips from sheet goods without parallel guides, which works great, as long as the rail is fully supported by the sheet goods on the rail side of the cut. Using this technique, I can rip 1-inch strips (or smaller), one after the other, with repeatable accuracy much faster than I can wrangling sheet goods on the table saw. For large sheet goods, rails and MFTs work great!!
I also have a table saw, and even though I would love to dump it and just use 100% Festool, I gave up and now use the table saw for cutting narrow things like rails and styles and other variable length thin stock (especially from variable length hardwood boards). On a table saw, the length of the material makes no difference. Set the fence for the width, and you can make repeat cuts one after the other regardless of the board length. So, I guess I love both tools (Festool rails and a good table saw), but only for the jobs for which they work best - for me.
Like any tool, we should probably try to use the right tool for the right job where possible. For sheet goods, I would never give up the MFT and rail system. For narrow hardwood, you can probably make a rail work if you don't have a table saw, but why force a tool to do something that it just isn't really good at doing in a safe, repetitive, easy, non-frustrating way.
This is just my opinion based on what works best for me in shop with my tools, my limited knowledge, and skill level. Other solutions may work better for you! Best of luck finding out the best solution for you.