It allows you to reset the password to something you know. The default VNC passwords are based on date and system ID and therefore change each day.
VNC access for everyone but Nortel disappeared with release 3.0.
That being said, just keep in mind that if you ever need to contact Nortel for support on the BCM after you've reset the VNC password, and they need to access it via VNC and find the password has changed, your support will end there.
If that's not a concern, have at it. There isn't really anything you should need to access via VNC that you can't do elsewhere.