Hi,
First off I should say Martin is right that the fact the docs say that but it's the default setting is strange. I will have to revisit that.
However, reck, you are wrong about getting random areas of coverage. If you overlayed your two rendered results, or screenshots of the previews, you would see that there is a definite correspondence between the two patterns with blend as coverage (BAC) on and off. It's quite easy to see that from your screenshots in fact, especially if you open each image in a different tab in your browser and then flick between the two tabs.
Look at the areas remaining with it turned on. You should see that they correspond to the "purplest" areas when it's off. For example, look at the preview with it on. Just to the left of centre there is a bit that looks like a "N" or perhaps "H" on a bit of a slope. If you look at the same place in the preview with it off you can see that same shape. It's a bit less distinct because there is more lighter purple around it, but it's definitely there. You do the same for every other feature visible with BAC turned on.
You are seeing the exact same pattern in both images, but with BAC turned on the more sophisticated blending mentioned in the docs is taking place and changing the appearance more than with just straight blending. I suspect that BAC is probably on by default because, as you have noticed yourself :-), it helps to make the fractal pattern look a bit more random. A problem with fractal or noise patterns is they sometimes look a lot like fractal patterns, which is definitely the case to me with your example showing BAC turned off.
Having BAC turned off means the blending is much more straightforward, it's happening in a way you can easily predict based on the blend shader input. I think you would want it turned off if you really wanted fine control over the patterns being used for blending. On the other hand, if I wanted to blend together layers with a more natural look with less work I would probably have BAC on because it helps to hide some of the "fractalness". There would be other situations where you might want it on or vice versa but to me those would probably be the two main ones.
Regards,
Jo