Travel adjust would add a bit of tweakability.
Short setting for slightly more progressive action, mid/end-stroke support. This is for ragging around, trail-bike style days, would let you pop out of corners a bit more.
Long setting makes it slightly more linear and “coil-y”, can run more sag, for days where you are soaking up slightly bigger hits.
Don’t know if it would affect the BB height/head angle (which is why I was asking how it worked).
Marry up adjustable rear travel and my 140-160 forks up front and I would be getting a pretty flexible bike.
EDIT: I would probably keep it in the short setting most of the time, but having the option would be nice.