IMHO, people are far too hesitant to use 4LO, and depend on braking far too much. Ideally I like to go downhills using the service brakes as absolutely rarely as possible, saving them for a potential emergency. I'd rather go into 4LO and be able to shift between a few gears in the trans to dial-in the engine braking than be up in 4HI or 2WD and be stuck with just what 1st gear can do, for better or worse. Also, depending on your rig you'll find getting into 4LO means you can get into torque converter lock, which makes the engine braking more effective/consistent. In my pickup I find I run 4LO and mostly between 2nd and 4th in the trans, in the WJ it's 4LO and more like 2nd/3rd with 1st being hyper aggressive in both.
-TJ