You don't have to. It might reduce risk of mold in some situations. It can help make drying times more consistent across your entire yield etc
you may not want to do it if you struggle to get a slow dry.
Context matters. It's another tool to impact drying times. E.g in an arid area, larger buds are probably better for a suitable drying length. Or, leave it on branches or entire plants etc.
Maybe you want somethign to show friends to impress them? but, that's probably a 1-time thing, lol.
As far as impacting taste/smell - only if it's put in too soon and isn't dry enough. you may have to remove the big colas as they sweat out the extra moisture by comparison to smaller buds.