why- if you don't adjust it then the valve acts as if the rear of the car is loaded and apllies increased pressure to the rear brakes, meaning the rears lock easily under braking and also lock before the fronts do, not good on a wet corner or at all in fact.
how- two springs on the rear beam, one big and one small. small one provides the rear brakes with a small amount of pressure under normal braking, large one is to adjust. when the rear is lowered the large spring is compressed and this applies the excessive pressure. just slacken it off and drive the car until you're happy that the car won't swap ends under heavy braking ie the rears no longer lock up first.