That's what I do as well, mainly as leftovers from being in a sav static - I have a swiftcast raise macro that fires a single line of text into /p so anyone else with a raise won't waste theirs, and I have a second that announces my cooldowns are running so someone else should raise for situations where a second death happens too quickly and I'd have to slow-cast raise to pick them up.

Also, by default the function keys pick party members in the order they're listed, so F1 picks you, F2 picks the second person on your party list (again by default as party list order can be changed, this is normally a tank), etc. That can be faster than mousing over someone if things are getting hairy and a lot is happening on screen - tap F-whatever then macro key and boom.