They are very effective in some parts of the US. My brother had one when he lived in upper NY several years ago.
My Dad installed one in the hallway when I was a kid in the '40. We called it an attic fan. Before that it was either hand held cardboard or the small oscillating electric fan when we got electricity in the late '30's.
Here in San Antonio the suction attic fan worked good for us, just like you described. Course at the time we didn't know any better about "swamp", water coolers. Refrig AC was only in some hotels, business, and very rich peoples homes.
San Antonio can be very hot in the summer and it is worst than Phoenix, Las Vegas, New Mexico, etc because of the humidity, but is not as bad as Houston tho. Don't know where you live, but the "whole house" attic fan should work well in many states with an AC backup. Believe the hottest I've ever been was visiting Washington DC in the summer month of August and driving from Phoenix to Palm Springs at night without AC, the hot air blowing like a furnace.
Dad finally added a water cooler (swamp) to the house after I left for college and the military, which worked when the humidity was not too high. We also had the water cooler type when I was married and lived in Phoenix and San Antonio up until the late 50's. My new '55 Chev was without AC, as well as my 1959 Beetle, but I did add a bullet shaped water cooler to the outside passenger side of the VW when we traveled from San Antonio to San Francisco one time. It was not until I got my 1960 Olds 88 that we had AC. In the 60's we had a house water cooler, one bedroom refrigerated AC, and several oscillating fans in San Antonio up until the 70's when central AC or window refrigerated AC became the house norm.
My daughter to this day will only sleep with the hum of an oscillating fan along with cold refrigerated AC. Wonder how her husband sets the fan
.
Yes, the whole house attic fan can work well, even as a backup in many areas, with the good description/tips you gave.