I agree with you that keeping the file metadata in a separate fork is far superior to keeping the file metadata in a three character extension, but sadly the world zagged on this one when Apple zigged. I especially like that you could have two files of the same type associated with different applications, so if you created a text file in your IDE it would open back up in that IDE instead of launching the word processor. And you could change it (somewhat clunkily) at will.
Win95 did have some advantages though. The Start Menu was a better organization system than Apple's Application folder for example. Macs of that era were also slow and badly overpriced.