-If you are doing tracking in real time, you can see what's happening. If you want to, say, explore what happens when your phone goes to a website, you can't do that if you don't have a jailbreak because Apple doesn't give you the specific permissions that you need to see things happening at such a low level on your phone.
How is this different than MITMproxy, Burp Suite, Charles combined with setting iPhone to proxy the traffic through your machine?