Click-Return is easier than "click-pause-click" for me. The motion feels more "natural" as a setup for typing the text.
Having to interrupt your workflow to think about how long to pause is totally unintuitive, whereas select-return is, as you say, natural...allows a seamless workflow.
joemike's control-click > contextual menu works, but doesn't "flow" because of the need to mouse over to the desired functionality.
