You have control if you work from the bottom up. For instance, I usually will start off with the button selector in M2 (M1 if I am pulling heavy or off road) and then make the shifts when I feel the RPM's are where I want them for the shift. Usually a little higher than GM has programmed them, except on WOT. If you start off in M5, sure, it will shift just like it does in D. You are fitting yourself in between a manual and an automatic. With manual mode and starting out at the lower gear setting, You are making the shifts, like a manual, but the auto is doing the actual shifting. So you have the best of both worlds.
Those of us that got exposed to the newer automated manual transmissions in heavy commercial trucks probably have a easier learning curve on how to do all of this. Those trucks give us a little more manual control than even the 6 speed in the Chevy does, but the principle and practice are pretty much the same.