Here's what I recall about tracers from my active duty days long ago. Basic load for a rifleman with the M1 Garand was two bandoleers of M2 ball (96 rounds) plus 10 loose rounds of red tracer and 4 grenade launching cartridges. The tracers were used for marking targets. They were definitely less accurate than ball ammo and they routinely started brush fires at Fort Ord's night fighting range.
Later, in my permanent unit in Germany, I carried an M60 machine gun (7.62 NATO) for a while that used 200 round belts of "five and one", i.e., one tracer round for every five of ball. Somehow the tracer rounds were loaded so they followed the same trajectory as the ball. We were trained to aim our fire like a hose using the tracers to adjust. Our training was strictly for direct fires, no beaten fields in defilade, even though we had fully capable tripods, but nonetheless very effective within line of sight, say 500 meters or so. - CW