Glad I searched the forum because I was about to ask the same question. It is really ridiculous that a 600 page owners manual offers no details on this other than each are used when going uphill or going downhill (as the OP pointed out).
So the way I understand it, low is like the old transmissions with shifters that had P,R,N,D,2,1, and shifting into low is like shifting into 2. I used 2 a lot going down Mt. Lemmon in Tucson in my 2003 Ram, and people who didn't use low ended up with brakes on fire . It is something like 26 miles of windy mountain road with a decent from 9300 ft to 2500 ft elevation.
D4 on the other hand, I'm trying to imagine when I would want to use it? Gears 5 and 6 wouldn't be used anyway unless your speed warranted it.
Edit, now that I think about it, engine braking on big hills at higher speeds, (thinking of the decent from the Eisenhower tunnel to Silverthorne on I-70 in Colorado) would probably be a good use for it. You want to maintain 50 -60 mph without using too much brake, and L would be too low for those speeds.