What he said...
While I agree with Fred on the "too many daylilies look alike", I can't discount the possibility that the buds could help distinguish among daylilies known to be in a garden, if nothing else - or, as with Larry and his maybe 'Mary Todd', help confirm or deny a plant identity (because, let's face it, nurseries make mistakes). While the shape and size of the bud may or may not be helpful, I think that colored bud tips are, and if nothing else, they add interest to the plant and to the garden. I have some number of dormant yellow daylilies here, but if (for some odd reason) there was ever any confusion, I know that I can tell 'Joyful Soul' from the other yellows here, by its colored bud tips (which are neat!).