Let's assume Twitter and Musk are in deed playing this game here, then people and whether or not the data provided by Twitter is enough to detect bots is not the point. Whether or not the SEC, and courts at some point, see the shared data as sufficient for Twitter to fulfill transparency requirements is important.
But there is also a “public opinion” part, and that’s about politics. I have the impression that Tw is trying to at least remain in control until the upcoming elections.
It’s not about the legal outcome, it’s about freedom of expression that many seem to be willing to sacrifice on the altar of ideologically fuelled hate.