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I think this approach is just bogus. The guy BO’26 from my college, who got our first PPO from a Tier 1 has done exactly 0 moots and ADRs. One should not devote extensive amount of time on these competitions to navigate a career in corp law since the very job of a corp lawyer is to not let the matters go in court. Instead research more about your practice area and have reputable publications. Every law firm has its research corner, none of them really care about moots. Preach.
At the same time, such activities can help with skill-building and honing of important skills required to be a commercial lawyer, such as teamwork, presentation, coming up with creative solutions and working under pressure. True, ADR and moots are not the only (or even the best) way to build those skills, but they are one way to do that. Therefore, I'd change your headline to 'ADR and moots are not the most useful things aspiring corporate lawyers can be doing, but they aren't entirely useless either'.
Not every single thing you do should be aimed at getting a corporate job. There's a lot more to life than another M&A Transaction Lawyer