More lift = more drag, but less downforce = less drag. If you reduce the overall aerodynamic forces acting vertically on the car, you get less drag.
Here's a simple thought experiment:
Car #1:
Let's say you have a bodywork that at a certain speed is producing
+10 lift and
-5 lift (it's a complex shape), and you have a wing that produces
-10 lift (i.e. +10 downforce). For each lift value, regardless if it's positive or negative, you also get +1 drag value.
That gives us a total of -5 lift (10 - 5 -10 = -5) and +25 drag (10 + 5 + 10 = 25).
Let's then say that we change the angle of the entire vehicle slightly, so that so all lift values are raised by 10%. The bodywork is then producing +11 lift, -4.5 lift and a total of +15.5 drag, while the wing is producing -9 lift and +9 drag.
That gives us a total of -2.5 lift and +24.5 drag.
As a result you lost a lot of negative lift while getting a little bit less drag = higher top speed and a more dangerous ride.
Car #2:
Bodywork is producing +5 lift, -7 lift and +12 drag (still a complex shape, but more streamlined, and the bodywork is designed to generate downforce). A small wing is producing -2 lift and +2 drag.
Sum: -4 lift and +14 drag.
Angle is changed and all lift values are raised by 10%.
Bodywork is producing +5.5 lift, -6.3 lift and +11.8 drag. Wing is producing -1.8 lift and +1.8 drag.
Sum: -2.6 lift and +13.6 drag.
The result in this case is the same: The car lost a lot of negative lift, but also got a little bit less drag.
In this simple model it works, but it comes at an expensive cost: You lose a lot more downforce than drag, and the suspension settings probably contributes to making the handling even worse. In real life you'd be daft to even try this, as it's a lot more effective just to simply remove any wings instead of attempting to change their angle by adjusting ride height.
What's interesting to test, is if a higher rear suspension contributes to higher downforce? And if so, is it worth it, or does the higher rear ride hight worsen the handling more than the added downforce improves it?