Hi Alan,
Thanks for taking the time to look at this.
The way I see it, this is analogous to the existing ns-antialias-text flag, which is another rendering preference that can be changed system-wide, yet is available within Emacs.
I would say that the use of these options is sometimes beneficial, based on one's choice of fonts.
For example, if you use a bitmap font in Emacs, you would likely disable anti-aliasing, but you wouldn't necessarily do it system-wide.
(I don't really know how to turn on thin smoothing system-wide, but that's not the main argument)