You have to look at all the variables on the Psych chart. You have selected values that appear to have the same Humidity Ratio - approx. 0.009 lbs-water/lbs-air. So, it may seem that all you're doing is putting less stress on the coil.
However, a coil does not cool with a straight line process. It cools to saturation at the existing conditions, then dehumidifies along a tangent to the saturation curve after that.
What does that mean? If you control your cooling to a LAT of 64 deg.F., you will be limiting the Humidity Ratio (increases/decreases vertically on Psych chart) to approx. 0.013 lbs-water/lbs-air, not 0.009. That could result in space Relative Humidities of over 75% at 72 deg.F. - a very uncomfortable environment.
Stated another way, you are only de-humidifying to whatever Humidity Ratio exists at 64 deg.F. At 0.009 Humidity Ratio, that results in ideal space conditions of 75 deg.F. and 50% RH. However, that will not be true at higher levels of moisture. For instance, how well can one cool a space to those conditions by only supplying 72 deg.F. air? The same situation exists if all you supply is 0.009 Humidity Ratio air. There is never any "leverage" to dehumidify the space if anything occurs to increase it.