The Module Feature Image is designed to handle a very special situation within modules. The situation occurs when you want an image to bleed within a module but you do not want the rest of the content to bleed. This is be illustrated below.
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Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Ut wisi enim ad minim veniam, quis nostrud exerci tation ullamcorper suscipit lobortis nisl ut aliquip ex ea commodo consequat.
Image is placed with the Module Feature Image utility FCE.
This allows the image to bleed while honoring the padding around the other content. The Module Feature Image should only be used within modules and not in other contexts.