Takes longer to heat up a room but more than outweighed by the cost savings. Additionally it stops the heating over compensating. If your rad water temp is at max then it will keep heating until it gets to the set temperature, but because the heat remains in the radiator and the pump will still be running it will actually overshoot the target temperature as the rad is still a lot hotter than the air.
At a lower water temp the heat builds more gradually and is therefore easier to control.
Manufacturers of thermostats will say that they compensate for the overheating effect, but in my experience they don’t as you would need to know things like the volume of air in the room you are trying to heat, humidity level and the efficiency of the radiators (aluminium rads are more efficient than traditional steel).
Try turning it down to 60deg and see how you go on. We have pretty big radiators and seem to be fine at around 55deg.