They claim this is good for responsive images:
The download or file read operations can be stopped
as soon as sufficient detail is available, and if
needed, it can be resumed when for whatever reason
more detail is needed.
-- http://flif.info/responsive.php
Unfortunately that's not how HTTP works. Your browser opens several connections to a website, and makes requests for resources. Each connection is in use until that resource is fully loaded, at which point you can send a request for another resource up that connection. Yes, the browser could close the connection after it has received enough of the image for the desired quality, but there's a lot of overhead in setting up a new connection, including some round trips, and so that is probably a net loss.The JPEG image format also supports progressive images, in browsers today, and no one has figured out how to use that for single-file responsive images yet.
(You might be able to do something in HTTP/2 where you set the priority of the stream to 0 after you have enough of it for your needs, but I don't think anyone has gotten this working yet.)