To my shame, I've only recently discovered 1402 for E. Not that I've ever had a problem playing E as 4442 (or maybe because I've never had a problem playing E as 4442). But, having discovered it, I like 1402 E in a teaching situation, because what 1402 is useful for is showing the relation between 1202 E7 and E.
If you've ever noticed, (nearly) every time you switch between a triad and a 7th chord, you move one finger 2 frets down one string (C 0003 -> C7 0001; A 2100 -> A7 0100; G 0232 -> G7 0212).
1402 is the E-chord shape that 1202 is the 7th of. So if I want to play E as 1402, I go to the E7 shape first, and then use my pinky to get to the 4th fret C string.