Is there any documentation detailing how Delegate Position field in Position page works?

Summary:

Is there any whitepaper or documentation detailing how Delegate Position field in Position page works?

Content (please ensure you mask any confidential information):

We would like to utilize the Delegate Position field but would like to check if any relevant documentation is available that details how this field works.

Version (include the version you are using, if applicable):

23D

Code Snippet (add any code snippets that support your topic, if applicable):