S&box is a very cloud-focused engine. When we make a model at Facepunch, we ship it by uploading to the cloud - not to the game folder.
That means that when you want to play the game, you have to download everything from the cloud. This isn't a great user experience, to sit downloading shit when you just want to try Sandbox Mode.
So now, we ship on Steam with a bunch of these files preloaded. This means that when you load the game, they're instantly available. You don't have to download anything, you skip that step. You can get straight into the game.
We'll tweak this over time based on metrics, to preload the files that make the most sense.