The latter is quite clear. But what does the first textbox value do?

Looking in the manual (p147) doesn't help much, as it only says; leave it at 1. It doesn't say anything about why and what this value stands for (at least not that I could find in the manual). When I change its value to 0.5 or 2 (so less or more than 1) it disables the squashing and stretching it seems like. But I completely miss the why and for turning on/off there's already a checkbox, so to me this doesn't make sense so far. There must be a reason this textbox is there other than 'leave it at 1', right?

Another thing that I find weird is that when unchecking the Squash & Strech checkbox, but leaving the maximum stretch at 1.5, it still does squashing & stretching, eventhough it is turned off with the checkbox. This feels like the checkbox is obsolete and it doesn't really matter if it's turned on or not, because it only looks at the maximum ik stretch value?
So I wonder;
- what does the first value stand for?
- why is squashing and streching still working when turning it off? (what's the use of that checkbox? or what am I missing here?)