Intensity is more of an instantaneous measurement of how much photosynthetic production is going to occur. Think about photons hitting cells - the fewer photons, the slower the production.
Now consider nutrient uptake in relation to production. If you have constant intensity and can only turn it on or off, as your nutrients drop in concentration (flow rate remaining the same) they will get removed faster and faster - the runaway scenario. You can either back the light away physically, use a diffuser to scatter or shade the light, or you can dim it. Any of these will be effective in lowering production, but dimming is the most convenient IMO.
Slowing the production by dimming means you can choke back the runaway scenario. I have users start at 25% intensity to get algae growing, then slowly ramp up intensity and duration. Maxing out duration draws out production throughout the day, so that should happen first. Increasing intensity second. Intensity helps to allow longer harvest cycles, because the light can penetrate deeper into the algae mat - but at least for my scrubbers, 50% intensity (which is actually the 3/4 point on the dimmer knob) will work for the vast majority of tanks.
I usually tell people to start at 25% intensity (halfway on the dimmer) and 9-12 hours/day, then work up to 50% intensity and 18-22 hours/day over the course of several months, then hold there for at least 2 growth cycles to verify before bumping up any further.
The runaway scenario happens IMO because every tank has to find a new balance point when ramping up a scrubber, and it's very dynamic. So you can start to see slow changes in levels that seem to correlate with growth on the scrubber, but once the scrubber really gets growing well it's like having your foot on the gas and then coming to a steep downhill stretch of road.