The adjustment seems to have very little impact on optimizations.
The only binary change with -O3 MultiSource/SPEC2000/SPEC2006 on X86 is
in consumer-typeset and the size there actually decreases by -0.1%, with
not significant changes in the stats.
On its own, it is mildly positive in terms of compile-time, most likely
due to LICM & DSE having to process slightly less instructions. It
should also be unlikely that DSE/LICM make much new code dead.
With DSE & MemorySSA, it gives some nice compile-time improvements, due
to the fact that DSE can re-use the PDT from ADCE, if it does not make
any changes: