Typographically, I don't think you can compare the visual effect of an extra period in properly rendered right-justified text with the effect when it's buried in the usual ragged-right default on the web.
In the early 90s most monitors didn't have the resolution to handle full justification without making it look like crap.
In theory it would have been helpful if there had been enough foresight to consider the situtation >20 years later. Because those neat margins look really nice.
In practice full justification would have used significantly more memory and processor power and would have been much slower. So although it's a shame we ended up with ragged right as the default, it's only become practical to consider high quality implementations - not just budget hacks - of more polished formatting in the last few years or so.