I've submitted a few change requests that included the content for Lettering fields. But the more banknote pages I'm seeing on Numista the more questions I have with regards to the purpose of these fields. I understand they are referenced to when searching. Anything else?
Particularly, how useful is the lettering for
this note, or
this?

If we want to be so accurate as to list a bunch of denomination values, why don't we break BANK OF CANADA into 3 lines like it actually appears on the note?
To me personally, a good balance for the lettering fields would be just the text from the note, without duplication, no unneeded line breaks, and denomination only when it is present in line with currency name, like
this note - "20 Лева" at bottom right on the reverse, for example.