Similar effect to changing the fork height. Effects centre of gravity, grip (front to rear), stability on throttle, stability on the brakes, stability at lean, how quickly the bike's initial turn is, um, effects everything!
I would be interested to hear if you guys raised the bike front and rear at the same time. I had a S1000RR track bike that I raised front and rear 5mm and it was the single biggest difference I have ever made to any bike . It took half the day to get used to and stop hitting ripple strips on the inside of corners. Doing this acts like a pendulum and really speeds up the way the bike turned.I tired lowering the forks and the rear. The flatter position was nice when you were going slow, but I didn’t like how it felt the bike squatted on hard acceleration, even with the proper spring. I eventually returned it to stock.