Several years ago there was a discussion here on APUG about the exposure scale of silver enlarging paper, AZO and POP paper.
BTZS tests were run and the exposure scales for the papers came out as follows:
Kodak Polymax Fine Art at softest setting on my enlarger: 1.81
AZO grade 2: 1.63
Centennial POP: 2.0
Much of my work is in platinum. I try to produce negatives to match paper with an exposure scale of 1.8.
Silver enlarging papers can be printed to an exposure scale that is in line with or exceeds some of the historical processes. Also, with platinum at least, by using the highest contrast mixture of developer, one can do a short scale print around 1.1, which is close to a grade two silver print. I proof my negatives for platinum printing on silver enlarging paper at the lowest contrast setting on my enlarger.
So, one can produce prints with a long exposure scale using VC enlarging paper. But, they do look different. To my eye, the midtones on the enlarging paper are not as rich. YMMV.
To the question of "why?", I think is has more to do with the inherent characteristics of the emulsions rather than aesthetic choices of artists. My reading of the history of photography is that the development and adoption of new processes has more to do with practical, commercial concerns. The daguerreotype was clearly superior to the calotype when one looked only at the resulting image. But it did not prevail as the dominant photographic means because it was not reproducible. The albumen print did not survive because it was contact print only and required UV light. Contact papers gave way to enlarging papers for obvious reasons. Film has been pretty much replaced by digital for magazines, newspapers, commercial work et al, because...let's not get into that.
I think there is tremendous freedom working today because an artist can choose the process that matches their vision, instead of being confined to a certain process. It wasn't too terribly long ago that people though if it wasn't a cold toned silver print, it wasn't a photograph, let alone art.