QUOTE(Sylph @ May 5 2008, 12:48)

So why did they lower it?

The lowpass setting is chosen to provide a "sweet spot" between leaving in high frequencies and having bits to spend on more audible frequencies. The developers are bettering that, in most listening environments, listeners are less likely to find an 18.5kHz lowpass audible than no lowpass and a reduction in the number of bits spent on other frequency bands. Considering that I only know of two samples I can ABX an 18kHz lowpass on (and none a 19kHz lowpass) this seems an excellent tradeoff for my purposes.
Fiddling with the lowpass setting is likely to degrade, rather than improve, quality. A set of tests (for example an ABC/HR setup) could tell you if changing this setting makes sense for you.