Sensitivity is more of a Tig feature for 2 sensor Hoods. Some or most hoods have trouble picking up a Tig Arc because the torch is usually very close to the arc and often blocks it. You can make your lens more sensitive to darken when Tig Welding. However, Higher end hoods have 4 sensors and are able to pick up the Tig arc better compared to 2 sensor hoods like th HF ones and others. Another use for sensitivity is reflective arc from behind or sunshine from behind. You can turn it down to be less sensitive to reflective arc.
Forgive me for being slow this morning. I take it that you agree that this is strictly a sensitivity control as opposed to a "speed control"?