well in simple it can smooth out your game or make it worse in which case if things are worse with it on just turn it back off..
when you turn it on the server will set the cl_interp rate on it own to what ever sios has it set at also can improve ones Reg a bit also.
the 2 commands work together. for example:
if you turn on cl_interpolate "1" you can then type cl_interp into console and it will show you what it is set at i have all mine set in my autoexec.cfg...what settings work for me may NOT work for someone else.
example of my config settings for this are:
cl_interpolate "1"
cl_interp "0.011"
with out that setting in my config my game stutters a bit and i notice my Reg is off a bit more than when its turned on.
all and all experiment with it and if it doesnt work for you just turn it back off
cl_interpolate "0".
It may already be on in the servers and if it is just try turning it off and see if it helps.
PS almost forgot you could try another command that helps smooth out the game: cl_smooth "0" or cl_smooth "1" try both and see which is best for your rig.
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