Perhaps then what you do it make it so specific webpages only have that when toggled, and don't apply it globally. I don't know the merits of doing this in an extension or not, so perhaps its reasonable.
This is another action taken under 'project-eraser'. The task of reducing chromes 'complexity'. https://bugs.chromium.org/p/chromium/issues/detail?id=512852
This project is specifically to target low-used features, and remove them. Arguably one of the dangers of user data collection.
I don't know if this is related to project eraser, but there is the removal of chrome://plugins menu in chrome 57, https://bugs.chromium.org/p/chromium/issues/detail?id=615738... which also does not appear to have a clear reason other than a better settings menu for plugins such as flash, but goes into the territory of removing the ability to even disable any other plugins, such as widevine.