Lip reading really helps me understand others, but it is not a perfect thing and it is overstated how powerful it is. It is not just looking at the lips but also the tongue and teeth. It also is not perfect either, like it can be inaccurate at times.
It definitely can come naturally to you, it does to me. I have relied on it for so long that I have been lip reading since I was a teenager. My mind kind of just automatically does it and I hear a faint whisper from the lip reading, like it happens without even trying for me.