4wd is about efficiency. It痴 the best way to get power to the ground. Back when I worked on a farm we could do the same work with a 85 hp 4wd that a 105 hp 2 wd drive could do except PTO applications. It would pull our disk and plows without duals that our 2wd had to have weight and duals. When towing if the tractor is set up properly you will actually be pulling down on the front end (no not always but a lot of the time) this allows the front end to help. Usually 4wd has a larger front tires and greater floatation. We could leave the tractor set up much lighter and do the same work or heavier and do much more. Lighter reduces wear and tear on the machine and the ground. Most 4wd have heavier front axles and can handle a loader much easier.
As far a braking unless you have a machine that kicks the 4wd drive on under braking it would only help off road at lower speeds. Most 4wd do not recommend leaving it in over certain speeds.