Apparently, as this whole thread points out, the other time you need "simplify formatting" is if you want to email a note that happens to contain a bulleted list. I wouldn't think of a bulleted list as "complicated" but apparently it is. It would be great if the dialog that comes up to email a note had a checkbox or something so you could simplify the formatting in the process of sending the email.
Emailing a note and having it look decent in the email application would make a number of folks pretty happy as this thread can attest. If "simplify formatting" can accomplish that, can we somehow include "simplify formatting" into the email process?