I think many coaches have air leveling as the standard, and hydraulic levelers are the option, Gil, since the air is already there to control ride and lean on the road.
As Larry and Gerald indicate, the idea is to have things "square" any time you are moving the slides, and Travel Mode provides square. Just because the body is "level" doesn't mean it's "square".
Here's the deal, Mike: In 2006 I stored my brand new coach by just parking it. Over time some air dissipated since most rigs leak air somewhere, even in miniscule amounts, and it shows up eventually as a lowered corner or side. Because my parking spot had a low spot under the left rear tires, and the ground under the rear axle was several inches lower than under the front, the resulting combination of off-level site and one corner leak (together with a faulty windshield installation at the factory) showed up in the form of a creeping crack in the windshield. After a couple of weeks that became several creeping cracks around the first one.
Whether I had left it in Travel Mode or dumped all the air, or leveled it, I would have still had the same problem because of the micro-leaks over a long period and the uneven ground. The best thing you can do, when storing your rig, is to make sure the ground/pad is as level as possible in all directions.
I corrected that situation, although I still have a 2" fore-to-aft slope; at least there is no corner-to-corner discrepancy. No matter how I leave the air system set, in theory I should be okay. However if one airbag system leaks more than others, a body twist is still almost inevitable. To overcome that, and to provide easy entry of the coach via a fully lowered entry step, I routinely dump all the air after parking for storage. A relatively level coach from the ground up also means you can start the fridge the day before a trip without starting the coach to air up and level. Plus, since things are square, we can work in the coach or give "tours" anytime while stored, and put the slides out and in without worry.
As Larry mentions, checking the squareness of your bay doors is a good way to see if the body has a twist or not. It likely won't have one in Travel Mode, but neither will it likely stay that way while stored over time.
-Joel