I think we'll need Elvo for this one but here goes.
It doesn't quite cancel itself out. My understanding is that it affects the roll centre and both inner and outer pivot heights have subtly different effects on that - although both can be characterised by the feel on the track as I previously described.
But don't forget that you'll want to work on both ends of the car independently and in some cases, you'll want to reduce the front end and maybe also increase the rear end grip. Since the rear hub carriers do not allow for vertical ball height adjustment, you are forced into using the inner only (which you would lower to increase bite) whereas on the front end, you can use both inner and outer.
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