I have an experiment for you to try. Put a mic in front of your cab of choice, record some playing. Tilt that mic slightly angled to the speaker, record some more. Reposition the mic to various points on the speaker, do the same. Now put the cab in a different location and repeat.
Tell me if they all sound identical, or if there's pretty significant differences in certain notes appearing and disappearing. If you notice that they're different- now imagine that instead of being in a home/studio environment, you're in a chaotic venue under a time crunch having to contend with many other sound sources that also need adjustment and limit where you can place your cab+mic due to the risk of bleed.
If this compromise is accepted and an imperfectly mic'd signal is used, an engineer can try to fix the note balance issues that appear with compression. A noise gate can shut out bleed from other sound sources. But in using them, they're altering the dynamics & the timbre/tone of the bass in a potentially undesirable way.
Live mic'ing presents challenges, these challenges can be overcome with effort & compromises. Why compromise, when you can consistently sound your absolute best with minimal headache? Seems like a win for all involved.