There really aren't any settings you could lose by just removing a
CF or SD card, unless perhaps the backup battery is dead which
would be obvious, or if he's clearing the camera's settings
inadvertently.
You are correct, and the original poster said:
... he would like to save the data and gray card info when he
changes storage cards...
I shoot a gray card each time the light changes. And each time, I
"submit" that image to the custome WB process to "tag" all
succeeding images with that information. Sometimes, when I'm doing
this as I move from venue to venue (like shooting a wedding), I'll
go back into the same room and rather than shoot another gray card,
I can just scroll back to the one I shot previously in that room.
Those images from the gray card are on the storage card. If it
gets full and I swap it out, I can kiss those gray card images
goodbye for setting custom white balance in the camera (unless I
want to swap the cards back in). I think he'd like to be able to
have a second card in the camera to dedicate to his gray card
images so it's always there to "inhale" an image into the custome
WB process. The SD card slot is ideal for this. I believe he can
also keep many sets of custom settings on that card.
I hope this clarify's why he's interested in the SD slot.
Now watch, he's going to come in here and say I missed it too
Bob