In that case, it would be great if we could unbind this shortcut from its editing/text navigation feature (which is not listed in the “Hotkeys” part of the settings). This seems to be like Mac’s Cmd+Left and Cmd+Right for moving to the beginning and end of the line, right? Home and End keys, I’d argue, should be used for this instead, especially on Windows and Linux, where modifier-arrow is not conventionally used for this like it is on Mac.
(Actually, End takes you to the end of the currently-rendered line, which is a fairly uselessly visual-state-dependent action, whereas Cmd+Right and Obsidian’s Alt+Right does what End really should do, and takes you to the end of the current line of Markdown code (e.g., the end of the current paragraph).)
In fact, for me on Ubuntu, the default shortcuts of Ctrl+Alt+L/R don’t work for “Navigate Backward/Forward”; it instead unhides the Chromium window menu on Alt, and switches the cursor to a crosshair for block selection on Ctrl+Alt, does nothing when I hit the arrow key in the chord, and does nothing when I release the keys. On Windows, it does the first two things, but then properly navigates on keydown for the arrow key (and does nothing when I release the keys).
Ctrl+Alt does enable a functional block selection mode for both.
Interestingly, if you bring down this momentarily-unhidden Chromium view menu with Alt+V, it has menu entries for “Navigate forward/backward”, which work when clicked, and the shortcuts claimed there (but not actually working) for them are … Alt+L/R. So, I suspect that, if we could unbind Alt+L/R from the editor functions, they would “just work” for the navigation functions.