I would say it depends largely on the style of action. Brandon Sanderson writes action sequences blow for blow quite often, but his magic systems make it far more interesting. Also, one of the authors who stands out for me is Robert Heinlein; action sequences in The Moon Is A Harsh Mistress are detailed from the narrators point of view, but there is a lot that he only sees or hears about afterwards; it is a very convincing way to infer chaos. 

 Sanderson has long action sequences that I like as an exception to my normal preference. They got a bit much for me in Mistborn Era 2 but in the first Mistborn trilogy and in Stormlight I liked them a lot.