I like it because I think it allows me to get clearer beer into the keg more easily. First, because it has a smaller diameter than the tri-clover racking port, it gets less trub and yeast in it if left in the upright position (pointing up) during fermentation.
Second, I tend to keep it in the down position (pointing down) particularly when dry hopping in the conical with pellets. That way, no hops get into the racking arm at all. They just settle to the bottom past the racking arm.
Third, I have had a few beers completely clog the dump port/valve. As a result, there is a lot of trub/yeast/dry hop material in the bottom which can reach above the racking tri-clover port. The racking arm lets me start racking in the upright position above the gunk in the bottom and slowly rotate down until I reach the top of the gunk and stop.
I had one beer I fermented in my Stout conical with no racking arm. The dump valve got completely clogged. I couldn't even get the gunk to flow by jamming a sanitized screwdriver into the ball valve when it was open. When I opened the lid of the fermenter, I could see that the trub/yeast/dry hops reached higher than the racking port, so I ended up having to use racking cane to transfer the beer to the keg. What's the use of a conical if you have to use a racking cane?
I'm sure that if I minimized the amount of trub going into the fermenter, dumped earlier before the trub/yeast solidified in the bottom and dumped more often, I would not end up with trub/yeast/dry hops clogging the dump valve or rising above the racking port. But it is good to know that I have a little extra space because of the rotating racking arm if I need it.