Well lets say you just bottle without cold crashing and you get some number of yeast lets just say its 10 in with your bottles. those 10 will settle out when you cold condition bottles, but they are still in your bottles, and you will have to avoid it in your pour, and leave more in the bottle. If you cold crash you might get 3 yeast in the bottle. They might take a bit longer to carb up (I haven't really notice it taking any longer, but I have only cold crashed one batch), but there will only be 3 yeast that will have to settle in the bottle, and therefore less chance of it making it into your pour.
Personally I have been doing long primaries, and have gotten very very little yeast in the bottom of my bottles, and much much clearer beer. My bottles have a light dusting on the bottom that gets very compressed to wear I can flip my bottles and it isn't disturbed. even when they are warm. I have some clear bottles that I can see perfectly through even if I flip them over and shake them.
So yeah it will all settle, but the less the better IMO because you don't have to worry about getting any in your pour, and you get more beer per bottle.
and those numbers above are all just for the sake of description. Don't think there are 10 yeast cells in your bottle or anything like that