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CONCLUSIONS: The present study shows the beneficial effects of a long-term ketogenic diet. It significantly reduced the body weight and body mass index of the patients. Furthermore, it decreased the level of triglycerides, LDL cholesterol and blood glucose, and increased the level of HDL cholesterol. Administering a ketogenic diet for a relatively longer period of time did not produce any significant side effects in the patients. Therefore, the present study confirms that it is safe to use a ketogenic diet for a longer period of time than previously demonstrated.
That's only one study, but there seems to be a LOT of stuff out there claiming beneficial aspects re cholesterol with keto diets. I can't quite get my head around it, seems a little too out there for a long-term diet. I'm more of an "all things in moderation, avoid processed food" kind of guy. But then I'm probably 10 -15 pounds overweight at the moment so whatever.