I think this "conveyor example" from Intel is a good explanation as to why:
https://software.intel.com/en-us/blogs/2014/02/19/why-has-cp...
I think that you would cease to see any acceleration from increased clock speed unless you also sped up other parts of the processor / computer.
I think your sentiment is correct. If we can take advantage of higher clock speeds, then why not do it?