There is no excuse other than laziness IMO. They likely decided not enough people use it and that they didn’t need to keep an excellent feature (total speculation to be fair). I can use iMovie to directly control/run playback from a dvcam from 2002 via like 4 daisy chained cables - including FireWire 400 - but they can’t connect an iMac anymore over thunderbolt 4 after supporting that for over a decade? Nah. Maybe there is a legitimate reason but I am incredibly skeptical.