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the leviathan concentrate dev/ pillage capital stuff moves dev to your capital, so if your capital is already huge, you won't gain much from those any more. so moving it to a new province would allow you to build up that new city with "stolen" dev. probably not a great use of mana points, but may still end up a net gain if you try to "play tall" or something.
also the location of the capital determines which parts of the old world are considered trade company regions for your country, so moving it to a different region would allow you to turn lands in the old region into trade company land
Possibly worthwhile, depends which two you're moving between.
Muscovy moving to western europe so it can tc its siberian fur and any of the muslim land it takes (not steppes provinces tho xddd)
Morocco moving into western europe so it can TC west african and egyptian land.
Malacca/Malaya moving into india so it can TC all of the spice islands and south-east-asian mainland.
Moscow > St. Petersburg > Constantinople. You end up in a pretty awesome trade node too, no need to move further from there.
Except Constantinople is a poor trade node for Russia as a significant chunk of their lands can't be fed there (Kiev, Novgorod, Kazan, and White Sea trade nodes which they have claims on the entirety of plus a not insignificant chunk of the Baltic Sea).