Greetings Matt,
There is an element of truth to what you're getting at, but as with many things in brewing, we often blow it out of proportion.
I am running an All in One Anvil 18, but use a Digiboil kettle to sparge with; so not truly all in one. When you say "multiple sparges", I think we need to understand what you're saying. We're sparging to
1) extract as much of the sugars as we can practically from the grains
2) achieve our pre-boil volume.
If you're sparging a part of the way and holding, then sparging again, then holding and still getting to your pre-boil volume, that will work but your grains will be cooling as you wait. You could do one somewhat slow sparge until you get to your volume, sure.
The key thing is that once you've extracted all of the sugars, continuing to circulate - wort or water can bring some astringency, but as long as there are sugars left in the wort, you should be good.
The best sparges I've done were hot, and relatively quick. I've done cold sparges a few times, owing to a kettle issue for the sparge water each time and each of those times it was a bit more of a chore to get my gravity pre-boil.
IMO, a 3-4 round sparge is probably fine in most home brew cases, excepting some unusual 'corner cases' like you mashed overnight and there's literally nothing left to extract from the grains (?)