I find it to be well worth my time to configure the panels that I am going to be using for a project or specific type of task and then save them as a custom workspace. For example, when I am compositing multiple images together, I use very different sets of panels than I might when working on a document that is text heavy.
Below is a screenshot showing how I arrange my panels for compositing. I dock the panels that I use most often to the Tools (on the left side of the screen). This saves significant time over the course of the day by eliminating the need to travel back and forth across my monitor to select different panel options, tools, and tool options. I have also placed the Properties panel below the Layers panel so that when I add an adjustment layer, my cursor is automatically above the options for that layer.
This video (although recorded a while back) demonstrates how to streamline Phostoshop for your specific needs through the customization of Workspaces, Menus, Keyboard shortcuts, Preferences, Tool Presets, Palette options, and the Preset Manager.