I think there will always be a bit of a trade-off, but in my experience, on some of the steepest tracks out there (at least in Europe) - given the right tyres, traction isn't something that is usually a huge struggle. Wet roots will cause traction issues but technique (followed perhaps by tyres) play a much more important part than suspension here.And in steeper and rougher courses, wouldn't one need a softer setup to get maximum traction? Of course too soft fork is bad on a steep track, as fork dive isn't desired on those circumstances, but I would think the suspension's ability to keep the wheels on the ground is also very important.
What I found was, once I had the right technique and tyres, traction wasn't something I was struggling to achieve - however support was. There were plenty of super steep sections into hard corners / g-outs where the limiting factor wasn't grip, but the worry of flipping / faceplanting due to front-end dive and having to slow down to accommodate this.
I found that increasing compression damping (along with increasing fork A-C height and thus slackening the HA) allowed me to go faster even though it would increase harshness after a certain point (which Steve has detailed above). Holding on towards the end of a run with this setup was a lot more physically demanding, but it definitely meant I could hit steep sections much faster. The fastest setup is never the the most comfortable setup, but don't confuse comfort with traction.
Bottom line - on super steep courses (given the right technique and tyres), you'll usually run out of support before you run out of traction. Running softer suspension setups to address supposed traction issues is probably going to leave you with slower overall times.