H'm - good question; it's one that may be answered a bit better after the BCRA event.
The late Dick Glover described its influence on cave development in the GG system in the 1970s. The best explanation is probably Dick's chapter in Limestones & Caves of N W England (Ed: Waltham, 1974). In case you don't have access to that, Dick drew attention to the fact that much of the GG system of muddy tunnels is formed on top of the PB (e.g. a lot of the passage between Main Chamber & Bar Pot) and often where other areas of the system form below it are where it has been fractured by faulting (Main Chamber, South East Pot, Mud Hall, Hensler's Master Cave, etc). Dick interpreted this in terms of the PB acting as an acquiclude - an impermeable later which prevents downwards development unless it's breached by faulting.
Dick later went on to extrapolate this to other areas of the Dales, where the evidence was perhaps less good. Certain other noteworthy cavers disagreed at the time. Dick later became ill and never had the chance to follow up his research before he died. But various individuals have maintained an interest in the PB, which is probably traceable from Ease Gill in the west right over to large areas of Wharfedale in the east. It clearly does influence cave development but quite why is not yet understood. The BCRA meeting will hopefully be a step in the right direction to understanding it better.
And if we understand it better - it might help us find more cave.