I have a Sette Flite frame (http://www.setteusa.com/flite_frame.htm) which has 3 mount settings for the rear shock, for 4", 5" or 6" travel. Right now I ride XC with a few small jumps and I have it on the 5" setting. However, I'm wondering what benefit I would get from switching to the 4" setting. I suspect the main tradeoff is that shorter travel lets the shock react to and damp small hits quickly, such as a washboard, while the longer travel settings make the shock less sensitive to small hits but takes big hits really well. Does that sound about right? Is there anything else I should be aware of?
Also, just to make sure I have this right - the longest travel setting is using the mount hole closest to the seatpost, and the shortest travel setting is using the holes farther from the seatpost, right?