Well, it's not "needed", but I would never go without it.
The extra precision in distance, the proper sensing of stop/start, the much more precise speed and distance on climbs and so on. These are just some of the reasons i think it's needed :-)
, went for a cycle and speed seemed OK, obviously using GPS signal..For normal road biking the overall distance from GPS is very accurate. Position errors do cause short term fluctuation is speed. If you like to monitor speed closely that can be an issue, as mentioned the auto-pause can come on when going slowly and the gradient readout can be effected. The errors tend to cancel out over distance and the overall data is not effected. If you don't notice any of those concerns during the ride the sensor may not add that much.
For normal road biking the overall distance from GPS is very accurate. Position errors do cause short term fluctuation is speed. If you like to monitor speed closely that can be an issue, as mentioned the auto-pause can come on when going slowly and the gradient readout can be effected. The errors tend to cancel out over distance and the overall data is not effected. If you don't notice any of those concerns during the ride the sensor may not add that much.
If you are not riding with others, or chasing Strava PR’s you probably won’t notice anything. That said I put this to the test riding several courses and always come up short using gps. One example riding with buddy who also has Garmin computer but is using speed sensor from our last ride. My mileage was 160.4 miles with an elevation gain of 8,301 feet. He on the other hand logged 164.2 miles with 8,636 feet of elevation even though we rode the same route together. No tunnels or tree cover.
The elevation gain numbers have nothing to do with the speed sensor.
The gain is an estimate: the two numbers are about 4% different (which is pretty close).
The distance based on the speed sensor should tend to be larger than the distance determined from GPS because the sensor can detect the bike "weaving" (moving side to side) better.