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Is there a definitive list of all the things that happen when you use an Alliance Change Token?
Doubt there is a difinitive list but some that have used the token can probably tell you what they experienced.
of note, some did not get their end of campaign rewards. Not sure about the timing of the campaign ending and when they used the tokens or if Zos fixed the issue.
Alliance changing a character gets rid of the currently active quest for their original alliance, but I doubt it would reset progress for the story itself since the main quest in each zone gives skill points. However, if the character is doing Silver/Gold they do keep the quest(s) since they've already completed their original alliance zones.
At least, this is what I've experienced, anyway. I alliance changed several characters in varying stages of their alliance stories. The ones who hadn't completed their alliance had the quests removed, and the ones who were in Silver/Gold kept whatever the active quest was.
The only quests that were removed/altered for me were the Cyrodiil ones. And then I had to redo the 'welcome to Cyrodiil' line of quests to pick up dailies from the quest board.
I was already done with Cadwell's gold, though.
I am mainly concerned about my Alliance Quest/Silver/Gold progress.
I found completing Silver and Gold highly entertaining when I did it on my main achievement chasing character when I did it a couple years back, because I still haven't finished the main story for her faction on any of my characters...