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I was going to ask, since, I was clueless about this objects use, but then, I Googled it! xD GLWS!
The L-Plate Advantage
Quickly mount your camera on your tripod in either landscape or portrait by using an L-plate. Shaped like an ï¿½Lï¿½, the plate has two sets of mounting dovetails; mount using either set. No need to flop your camera over & down into the drop notch to go vertical. Instead, use an L-plate and save yourself the hassle and time youï¿½d have to spend recomposing. Also, an L-plate keeps your load centeredï¿½directly atop the tripodï¿½s apexï¿½where you can retain...Show more →
Yep, that is exactly why it is designed. Thank you so much for posting it out.
Actually it has been widely used in DSLR areas, but for M body owners, seems few of us know this.
The vertical part can be simply detached, it just becomes a bottom plate with arca-style mount. Comparing to the price of leica bottom plate, this is a deal : )
BTW, RRS is a fantastic company making all these stuffs, you can goole it either, all compliments around.