The answer from G2G is exactly right. There is no value in a burst setting as this is something the gunner can already control. The value of variable cyclic rate is that bullets are better dispersed in time within a burst.
Consider that studies on artillery effects determined that the most casualties were achieved in the first few seconds of a bombardment because that was the time it took persons in the target area to recognize what was happening and properly react. The same moment of vulnerabilty exists for a dismounted enemy obliviously wandering into an ambush or kill-zone. To exploit that moment of vulnerability you want the highest possible rate of fire through that brief period - that means machine guns firing with a high cyclic rate in long bursts with short pauses in between.
Conversly, when it comes to maintaining suppression, you want to spread it out more. Even at a lowly 200 RPM, a LAV cannon fires fast enough that nobody is going to try doing anything between shots of the same burst (though, they might try the dash for glory between burts). At 900 RPM a MG can put a five round burst down range in a third of a second - if suppressing a target, most of those bullets would be traveling so closely in time as to be superflous to the desired effect (ie. most of those bullets were wasted). A 300 RPM MG could spread those same five rounds over a full second. The pause between bursts should be the same regardless of the weapon's cyclic rate - and so, through every min of firing the 300 RPM MG reduces the number of rounds fired by a handfull.