if i remember the origin of this correctly it was a specific hack against overly saturated reds that came with pascal’s early custom colour matrices, especially for the canons. the standard matrix would be very conservative in saturating colours, and leave reds mostly dull. the enhanced matrix would fix this, but still being a matrix, would compromise by introducing too much saturation in skin tones.
that being a common issue it seemed this preset was a good thing to ship. not sure folks would accept the addition of a more diverse preset if you posted one here? maybe.
also not sure the colour matrix issue is still the same with a scene referred workflow, i’m thinking the base curve would have aggravated the saturation issue.