RSA Encryption use case

If you are the only user and not in a multi-user backup environment is there any real benefit of using the RSA encryption over just using the storage password? Isn’t the storage encrypted already by using the storage password?

RSA encryption adds another level of protection. Even if a hacker gets your storage password they still can’t access your files by running a restore.

I haven’t dug into the source code yet. Do I understand correctly that the storage password does encrypt the contents of files? And then the RSA crypto encrypts them again?

Anybody? Woo woo 20 chars

This guide explains how the storage is encrypted, and this guide explains the RSA implementation.