It's quite simple. While you can charge a "good old" Lithium ion battery to 4.2V, you already start getting slow degradation at that point. Charging it to 4.1V or 4.05V massively reduces that. But at the same time, those 100 or 150mV are a notable amount of charge, up to 20%. So… yeah. It's a tradeoff.
For reference: https://nenpower.com/blog/how-does-charging-voltage-impact-t...
https://e2e.ti.com/cfs-file/__key/communityserver-discussion... page 15