Yeah, like, let’s say that in your compositing workflow you increase exposure then decrease brightness. If your working color space is too small, your highlights will clip when you increase exposure, then all land flat at the same level when you decrease brightness. If your working space is bigger than the gamut people can see, but your last step is to tone map into Display P3, you’ll appreciate the non-clipped highlights, even if your eyes could never comprehend what they looked like in the post-exposure-boost-pre-brightness-drop phase of the pipeline.