Thank you @notovny for your comments, I see what you mean, I've fixed my post.
Because the sun has a much bigger diameter than the earth, a sunshade shades more as it moves away from the earth, only for the first 1.3 million km starting from the surface of the earth, then thereafter shades less as you move towards the sun for the rest of the 150 million km. It's more convenient to orbit around L1 at 1.1 million km from earth, rather than try to constantly adjust an orbit to stay at 1.3 million km from earth.
A shade satellite will be relatively lightweight and has a large surface area, the pressure from solar wind and occasional flares will mean that to keep a stable orbit around L1, will mean some challenging "sailing" will be required, at a distance further than L1 from the earth.
Eventually we'll have to control the amount of sunlight that falls on the surface of the earth, to counter long-term milankovich cycles and volcanic events and other events, that cause our ocean levels to oscillate wildly over geologic time, if we want to keep sea levels constant for our coastal cities.
L1 is relatively close to earth, so the shadows a cloud of shade satellites cast can be positioned to favor shading select targeted areas on earth, if there's an advantage to doing so.
For volcanic events that cool the earth, can increase the diameter of the orbits of the sun shades around L1, and position them to bounce more light towards the earth.