SubRip (SRT) filter should have an option to force paragraph segmentation without having to configure this at TM level.
Standard segmentation rules may cause a single subtitle to be split into multiple segments. This way, translators may accidentally split subtitle into too many lines. They also can't merge two very short sentences into a single line.
When using paragraph segmentation for subtitles the flow of the text in the editor would mirror the SRT flow. Each segment would correspond to one subtitle in SRT.