So… actually, running in administrator mode is different because it has different system access parameters. In the past this meant, sometimes files would have “wrong” permissions during install, and a few other situations, so running in admin mode got around permissions access issues because it had access to everything and to do anything.
Now that’s no longer the case. Microsoft has been locking down the operating system in a variety of ways, and admin mode is not as powerful as it used to be. For instance, the WindowsApps directory, where apps like MSFS and others are installed, is different. One of the vectors viruses use to get around permissions is to get access to “admin” mode, which then allows them to do even more damage. So Microsoft closed this vector off with the WindowsApps directory concept (sandboxing) which doesn’t even allow admin access to files (I don’t know the details of this), and, if you install the software using admin mode, it’s possible you can lock out access to the software from your normal user. I don’t know if this is still the case.
You can also somewhat circumvent this issue by not installing MSFS to its default install location (i.e. I install to D:\MSFS2020). Now, if you do this, there are still files that are stored in WindowsApps, that you don’t have direct access to (which is why I didn’t want to install the whole shebang there, when I installed at initial release, I couldn’t access any of the files in the install, and I really did want to do some modification and understand the general file structure and other aspects of the software). But the majority of the files that you might want to modify or access are in the OneStore directory, so, by installing outside of WindowsApps, you get access to these files.
So, anyway, back in the beginning days, it was a bad idea to run MSFS in admin mode. Maybe that has changed.
Now, all this is related the Store version. Steam version is a different beast and depends on Steam permissions rules, as well as WindowsApps I think. I only have the Store version, so I don’t have any experience with managing a Steam install, and I haven’t paid much attention to the issues there.