I use it too with pine bark but also add diatomaceous earth the size of perlite. It holds water and releases when needed. When dry it holds oxygen. Perlite does not hold water, it keeps the mix draining, so does DE by keeping the water flowing in and out. Pores in DE are big enough for roots to enter. Also a container can hold a lot more water with DE in it. So they tend not to dry out too fast, or at least slower than without it. I also add 1 part compost which in itself contains bacteria that can be beneficial, besides nutrients. Results are very good. My plants are beasts!
You don't have to add anything, it's just harder to manage. Pine barks helps the most. My other amendments are fine tuning a mix to meet my needs.