having done a fair bit on theoretical damping this semester, am i right to assume that the rebound adjustment, just alters the decay of the response?
It depends whether we are talking of road or racing cars. By classic damping practice racing cars are massively overdamped, low speed damping is mainly used to control the car attitude in transients, IE the rate of change in pitch or roll , and weigth transfer , this is more important as downforce levels due to underbody aerodynamics increase.
In steady state cornering dampers control the car over the bumps, to maintain contact patch pressures ( IE max -min Fz over rippled surface ) , but during braking , turn-in and power -out phases the car is initialy pitching (nose-down) then rolling (still nose-down ) then as power is applied rolls back and nose goes up at same time. Given the influence of aero effects ( even at relatively low speeds (>100kph-<150) the rate of change of CP is controled mainly on dampers , alowing car to be tuned as to response. At the risk of making this very long lets run thro a corner...
as we brake and car assumes positive rake , many factors affect car= CG goes up , but more mass is lifted at rear (wheels go into droop more than fronts) , car rakes nose down , shifting CP forwards....front wheel camber goes more negative, rear wheels more positive....front Fz on tyre increases ( increasing cornering force aviliable , reverse for rears..) and a host more, all this giving a positively oversteer tendency in a positive feedback loop ,exacerbated by the aero effect.... without going through middle phase of corner , as you put power on all this happens in reverse where,apart from degradation of cornering force (on rear tyres assuming rear wheel drive , 4wd and Fwd being another can of worms) due to amount of power available, will tend to make car understeer. So controling transients enables car to be more controlable, and be tailored to driver preference...
mechanical grip and controling "bounce" as such is only important at very low speeds , and mainly to keep rubber in contact with ground, ride comfort not being the issue in racing cars.
this is just from mostly reading inside racing technology book, but was just trying to get it in my own words for me to understand
if you manage to understand dampers you are a better man than me , gunga din, I give classes in vehicle dynamics and data analysis , and have given seminars at Koni on racing dampers and still dont understand them... damping along with tyres are the black art side of racing, and need an in depth investigation to relate what theory gives us and what we find in practice. seven poster rigs are very usefull in separating many elements of damping and grip, but until we can have a seven poster with lateral G many aspects are still unclear...