Yep, alt-tab works fine if that's what you prefer.
If you have many applications open, you end up doing a lot of alt-tab-tab-tab-tab, etc. In that case alt-ctrl-tab might be preferred, as it shows an overview of all windows. But then you still need to use the arrow keys to select the application you want or grab your mouse and click the right one.
With HotFrameFx you can configure alt-ctrl-tab for a corner or edge. That way you just move your mouse to the corner or edge to get an overview of all windows. Since you're already mousing, clicking the application you want is quick and convenient.
Different workflows to do the same thing. Some prefer the keyboard approach, some prefer the mouse approach. Both are now possible. Give it a try though. You might get a kick out of it. It's always fun to try new things.