Does nothing. Please take a look at its design.
I have, and it does serve a function..... It prevents the bolt from vibrating out, which apparently quite common.
This is what I have observed:
There have been a few 700 whp m3's that have spun a crank hub on the stock motor with the original bed plate design (stock power), then spun the warrantied motor with the new bed plate at 700 whp, and a 3rd warrantied motor at 700 whp. But never spun again with 17,000 km+ at 700 whp with a CBC.
Next when looking at the design, since the CBC is an extremely rigid plate bolted to the harmonic dampener there is not way for the crank bolt to vibrate lose unless it spins the CBC which is near impossible. The crank bolt would also back out while it losens which means it would have to push the CBC out to do so, again impossible. The only negative to this design is that if the hub spins it would spin the bolt. There are two scenarios I can visualize:
1) it spins counter clockwise, but to do this it has to losen the bolt which means the crank bolt has to move outwards which means it has to push the CBC out, again impossible so it might actually prevent the hub from spinning in this direction.
2) it spins clockwise, only way that is possible since it means the bolt goes inwards, since it is tightening the crank bolt there will not be a catastrophic failure caused by the whole timing assembly coming loose. It will throw off timing like a normal slip though.
I believe you are the one that has not thought of the design thoroughly and don't understand what is going on when the hub slips. I have done alot of research on this subject reading every thread available, talking to VTT about my ideas, talking to m3 and m4 owners, and countless hours of though experiments and discussing those ideas with others. My conclusion is that it works, because it prevents one common aspect of crank hubs slipping - crank bolts vibrating or coming loose. Yes the hub can still slip if it spins without the bolt coming lose, but this fixed one aspect of the issue which is what it's designed for. If you want a full fix you would have to get something like the splock, but even crank hub fixes without a CBC can still fail if the bolt vibrates loose.
If you still believe otherwise please inform me where my conclusions/ideas are wrong, I am open to more discussion, thoughts and knowledge before I install my CBC.