According to the "Benchmark" in FM4, changing pressure will alter stopping distances. Whether that is true or not, I cannot say. I am not consistent enough to test this theory out myself.
I never truly understood what brake pressure meant. I guess I figured it meant clamping force but that really doesn't make sense. Maybe it means in theory how much pressure is added or subtracted when the "brake pedal" is pressed down, ie. more pressure to lock the brakes easiers, less pressure to lock the brakes slowly.
More pressure could theoretically give you shorter stopping distances if done properly but the threshold between doing it right and locking it up is very small. Whereas if you set the pressure down, you're far less likely to lock the brakes but will travel a longer distance on the track. But you'll travel a longer distance skidding than you will with a weaker pedal so it's a trade-off.
In school, trade school to be a mechanic, I was told 15% was the optimum brake pressure. 0% being no brakes applied and 100% with pedal to its max downward or back position. Anything below 15% lengthens distance and anything more starts to lock the wheels. Skidding is just as bad, actually worse, than lighter brake pressure.
So, in my humble opinion, setting the brake pressure is purely subjective. If you are good at constantly controlling the trigger or pedal to the point you can keep the car from skidding, a higher pressure works. But if you need some extra wiggle room when braking, go with less pressure. In essence, if you go either way, you can still end up with close to the same braking distance. It just takes the right finesse to get stopped the shortest distance. Finding the "sweet spot" as you call it.