You are missing that rsync can also compare files by checksum.
--size-only
means that rsync will skip files that match in size, even if the timestamps differ. This means it will synchronise fewer files than the default behaviour. It will miss any file with changes that don't affect the overall file size. If you have something that changes the dates on files without changing the files, and you don't want rsync to spend lots of time checksumming those files to discover they haven't changed, this is the option to use.
--ignore-times
means that rsync will checksum every file, even if the timestamps and file sizes match. This means it will synchronise more files than the default behaviour. It will include changes to files even where the file size is the same and the modification date/time has been reset to the original value. Checksumming every file means it has to be entirely read from disk, which may be slow. Some build pipelines will reset timestamps to a specific date (like 1970-01-01) to ensure that the final build file is reproducible bit for bit, e.g. when packed into a tar file that saves the timestamps.