its not exactly about that but majority of the tonal values are recorded in the first few brightest stops of dynamic range hence you are losing a lot of data if you exposed to the left (ETTL).. The trick is usually to ETTR where you get most of your tonal values. i dont pretend to be an expert in this area but you can read more about it here and why ETTR makes more sense than ETTL
Expose Right
However, ETTL has it uses when you are trying to "push" iso, eg pic shot at ISO1600 with -1EV but PP adjusted to 0EV digitally pushed the pic to an ISO3200 equivalent. This trick has been used frequently back in the days where most cameras have ISO1600 as the limit hence pushing -1 to -2 EV to gain ISO3200-ISO6400 equivalent has been useful.
Also, from what i understand, digitally "pushed" ISO has higher SNR compared to adjusting the analog gain from the sensor itself. Hence some camera eg Nikon has the "HI" ISO level which means the ISO is "digitally" pushed as compared to "analog". Not sure if i can explain this clear enough