Oil wears out and gets dirty. 7 quarts last longer than 6 quarts.extra margin of safety if you get an oil leak. What kind of bad things. 46 years, over 40 vehicles, and 1.4 million miles driven, says bad things don't happen.
Well a single qt will probably make no difference but overfilling the oil can lead to cavitation with the crank and then loss of oil pressure. What I meant was that I don't think there is much advantage or benefit and having extra oil may cause issues. If the oil is getting dirty or worn out, change it. I change my oil much more often than most because I don't run a PVC system. I get more fuel and junk dissolved in my oil which breaks down the viscosity quicker. I go about every 3K-4K between changes.