This is a flow control faucet. These were very popular decades ago and disappeared due to foam issues. European systems have used them extensively.
Normally the system will be under restricted and then the flow is regulated with the knob. Personnally I think they are a waste of money and effort. Set up your system using a conventional faucet and balance temperature / pressure / restriction correctly and you will have very few issues.
Scott Zuhse, Instructor
Micro Matic Dispense Institute