The reason it alarms if any cell drops too low is because the cell will be damaged if it is discharged below a certain point. (I prefer not to take any cell in my Li Ion battery packs below about 3.1 volts.) If you only monitor the total voltage, you may miss when a cell is being drained too low due to imbalances between the different cells. The pack voltage may still be ok for the application, but continuing to use it with a low cell can lead to damage in one cell that renders the complete pack useless.
I have assumed here that you want to use it with a battery pack to get longer from it, but you may have an innovative application that I have missed, if so I apologise in advance.