I always wonder that too. I think the original reasons were that the loudspeakers were cheaper and so were the higher powered solid-state amplifiers. But that’s not really true anymore.
Also for cone speakers (generally) just shrink the voice coil and widen the gap and “bingo” you’ve got a much flatter frequency response (and usually less expensive manufacturing cost)
I have tried multiples of pairs of rather low sensitivity loudspeakers.
Dozens of them…not 100’s though (likely BS on anyone having tried 1000’s of pairs lol)
They always leave me dry, but many of friends and family seem to enjoy them so again it’s all subjective.
I’ve got both types of systems now (one in the basement another in outer building)
For the low sensitivity system I’ll get compliments on how “smooth” or “nice” they sound.
To me I’ve come to take these adjectives as code words for “flat”, un-exciting or “not dynamic”
But it’s the never ending story, and taste can’t be argued.