Didn't see this reply here, brundlefly... sorry for the bump...
Anyways, I would say that this is not ideal for dealing with CC2 data. I don't want to quantize the individual CC2 events. What would ideally happen is:
1) if it's note start only, not duration, all the CC data for the duration of the note is shifted/offset the same amount to match.
2) if we want duration as well, than the CC data the correlates with the note duration is also squashed/stretched to match the new length of the note, in addition to above.
If you do uncheck the "only notes and lyrics" option in the quantize dialog... for CC2 breath data, you get weird pulses of CC data, the size of which correlate with the strength you set in the quantize.