It’s not going to make any more gas come out is it? but it will cut down the supply to your hob and give you better control.
gas taps are designed to do two things.. be open or closed NOT be half open/ closed..
But then they’re designed for domestic installation so they should be pretty idiot proof and not prone to leaking from the valve stem. It’s not like you’re going to erode the valve internals away with the fast flowrates you can generate. It’s just like turning down a bunsen burner, only with a better tap.
Of course if you turn it down too far, you could struggle to get ignition, but I’d imagine you’d notice…
It’s probably not the best a long term solution but it’s a good indication if your pressure is a bit on the high side.
Or pay someone an exorbitant callout to tweak the needle valve in your hob, which essentially does the same thing.