I am not sure, but i think it caches the TXIDs potentially privacy leak.
Disadvantages 🤔, it could happen that a transaction is considered spam, but it is very rare, unless you participate in activities where ZECs are sent through a MultiPay function. Advantages, you avoid all the spam from the middle of last year and thus synchronize faster. If your wallet is not that old, I don't think you need the filter. Still, I recommend using a more up-to-date Wallet.
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