That pin was
commonly used with a DEC current loop converter module, the
 number of which I forget (DLV11-K ???). That box plugged into the DLV11-J
 at one side and had an 8 pin Mate-n-lock on the other to connect to a
 standard DEC current loop cable. It also included a 110 baud (1760Hz)
 generator, since the DLV11 couldn't do 110 baud as standard and the most
 common reason for wanting a current loop interface was to connect to an
 ASR33. 
 Hmm... I might have one of those that I picked up at Dayton a few years
 back.  Didn't know it had a special feature for the DLV11-J.  I thought
 it was just a dumb level converter (obviously it should work with any
 device that can do 110 bps by itself). 
 
It _is_ a dumb level converter. It doesn't do any internal baud rate
conversion. But it includes the 110 baud rate generator as well (which
you can ignore if you're using it with a serial port that can do 110
baud itself.
-tony