I'm very new in this profession with only 260h on type. On steep GP-angles with headwind reducing abruptly it works great around the threshold not to lose the bugspeed, otherwise I don't see the point.
I've flown with a couple of captains (all ex military) who uses this technique even in perfectly normal conditions. Some also tend to jerk the yoke stick back very intermittently during the flare. They land the aircraft smoothly in general but in the far end of the TDZ.
I just move my eye-focus to the far end of the runway and try to coordinate 0 sink with one meter below the runway using my peripheral sight. That way I don't end up with these PA28-floats (the 737 floats like a fat lady in a tub of salt water) that many of my mates do

less brake wear, reversing and backtracking. Also a faster vacation of the runway.
It keeps my acc. manager, Boeing, captains and maintenance happy. The only one taking a turn is my ego, haven't managed to get one yet though