As far as i'm aware it only affects the rev limit when driving (so revving the tits off it on the drive in neutral won't work)
I've finally found someone with some knowledge on the situation!
"The bridging pins doesn’t work on this model because the signal doesn’t come through the clocks. On other BMWs, it would be the diff sends a signal to the clocks, and if the clocks are happy with the ABS, it’ll pass the diff pulse to the ECU on a speed signal input pin.
On a 328, there isn’t a speed signal input pin, the only possible link is a wire listed as going direct to the ABS, and although details are sketchy, it does mention it is a filtered or processed signal, so wouldn’t be just a raw pulse."
I'm not sure wether it's my specific year 328 that the bridging doesn't work on as we did it to my housemates 328 (95/96 model) and it worked fine, and several of my friends with 328s have had luck with bridging the applicable pins.