That's true, it does. Personally I seldom leverage it unless I need to stun or interject a specific enemy in a pack. My go-to is tab targeting since it doesn't interrupt my rotation.

That said, as a healer I need to target specific players far more often than I need to traverse the emnity list as any class. But for players who prefer to still be able to traverse the emnity list, they can leave the settings to their current defaults.