This isn't exactly true... all of these can be disabled with no loss of features or functionality.
While Cell Network Search may help improve in actual network search, it appears to be more for diagnostic purposes only. Your phone will find networks fine with it disabled.
I also haven't seen any improvement in compass calibration with it enabled. It's possible it's also for diagnostic purposes logging where calibration fails.
Your phone will set it's time from the cell tower automatically even with this option disabled.
Traffic is not for displaying traffic to you but for LOGGING traffic data from your device. It turns on automatically when you are traveling in a car and records and transmits your speed data to Apple for use in reporting traffic data to others.
There's no real reason to turn any of these off unless you're a security nut, I suppose. But none of these services actually add any value to your experience specifically.