First of all, this is not a demand to change anything, I want to write down my thoughts about the rank discrepancies, because I have noticed people saying patently false things (e.g. “your overall rank simply converges faster to your real new strength”).
For many players, the overall rank is different from the three other ranks in a puzzling way, for example mine is 14k in all three speeds and 13k overall. To understand why this is so, I will look at an extreme example where we assume that the skill of the players does not improve during the example.
Player Black is a 10k correspondence player who is bad at live games because he really needs his cigarette pause between moves, therefore his live rank is 19k, but he plays them so rarely that his overall rank is 10k.
Player White is a 10k live player who practically never plays correspondence games (you may assume that she lacks the patience and she forgets her own strategy after a couple of days and her correspondence rank is 19k). Accordingly, her overall rank is 10k.
Now what happens if Black and White play live games against each other and White plays no other games? Their correspondence ranks cannot change. Their live ranks cannot change, either, if they reflect their actual live game strength. So what happens to their overall ranks?
Black sees his overall rank plummet, but he can compensate by playing lots of correspondence games between the live games to hold it at 10k. Now White’s overall rank eventually has to reflect the fact that she is 9 stones better than her opponent at 10k overall rank. This means that her overall rank will converge quickly to 1k, although this does not reflect her strength, it just reflects the fact that she is 9 stones better at live games than someone who is 10k at correspondence games.
Now, how does this contrived example occur on this site in practice?
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I rarely played blitz games, so my blitz rank lagged behind my other ranks. I recently decided to “play it up to my current strength”. In doing so, I pushed down my overall rank a stone while improving my blitz rank a stone, because the blitz rank had an ascending zig-zag line while the overall rank followed with an descending zig-zag line.
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There is a sizable community of correspondence players who do not have much experience at life games. Every time they play against a mainly live player they push his or her overall rank way beyond their actual capability.
Why would it not help to delete the overall rank from the profile?
Because deleting it just hides the fact that the other ranks are still an amalgam of different skills - different board sizes, different handicap sizes, different times of the day.
It is much more interesting to have this discrepancy out in the open and understand that the other ranks also have this kind of problem.
However, we can take heart in the fact that people do not usually have a 9 stone difference between their live ranks and correspondence ranks, so we can expect ranks to be inflated no more than one or two stones by this phenomenon.