Yes! Basically what happens is, Once you hit your Max TP of 60, even if you go to 80, you will stay in the last column. But if you set your TP too high, you might never hit it, thus you would be using the second to last column, which could be bad if the second to last column is not designed with WOT in mind.
But anyway back to TP adjustment. By adjusting your TP scales you can fine tune the tune. Which would allow you to not be in the TP that's designed for WOTing while your just driving.
With boost you can also fine tune your timing for specific boost levels. Basically the more boost the less timing you want, or it will knock.
Say your at 10 psi and at 100 TP (random numbers to make the example easier to understand), you are planning to run 16 psi which is at 160 TP.
At 10 PSI you can have your last column have pretty aggressive timing. Lets say you can run max 23* Timing safely, well at 16 psi, the max timing you can run is 18* and anything above that will knock. Thus what most people will do is just leave the TP at 100, and then they get a knock, thus the dumb down the timing.
Now what they really should be doing is have a Column for 100 TP with 23* max timing, and 160TP Column with 18* Timing.
I hope that kinda explains the importance of TP tuning