Not true, Maybe in the day of Vinyl records. Because if you put too much Lows into the master you would need much larger grooves which would cut down on the amount of time that you could get on a side.
That is where mastering was an Art Form for vinyl.. Well stil is but really back then..
With today technology of Digital formats you don't have to worry about that as much,, You are still limited to time on a CD since mastering will not allow over 70 minutes or so. Since the CD manufacturer will not guarantee their medium of non defect over that time limit.. Even though the CD may say 80 minutes or so.
Its funny because my FOH guy and I were taling about this just the other day.. We were talking anout currnet day and the olden days of vinyl.. My FOH guy has 4 grammys for engineering and mixing. masteing so i will take his word as gold..
I didn't mean to say having live extension that low is not important for recorded music systems.
But over on Pro Sound Web I started a thread trying to find a list of tracks with significant meaningful bass content bellow 40Hz.
I was suprised at how little modern recordings actually have content down there.
I am familiar with the reasons for the RIAA curves on vinal

.. low volume too...