I think I've reached a happy medium in the process. I found doing my sketches by hand with pencil and ink gives me the line quality I want. I then scan the sketches into Photoshop and clean them up.
Once I get the black and white lines the way I want them, I add color, textures, and blends using Photoshop's capabilities. It's the best of both worlds!
Dancing elf and fairy with petal skirt
These are some of my new creations using my drawing scans.