There was a Dirty Jobs episode which featured Mike accompanying a water tank crew doing a roof top replacement. They shape the boards of wood at the shop, truck it in, and use manual labor to schlep the boards up to the roof. Old boards come back down the same way. No extremely expensive crane service or metal working necessary. So it is quite cost effective.
I'm not defending the code as written. However, there are a lot of complexities involved in retrofitting newer things to older buildings that are difficult to encapsulate in codes, hence the reason grandfathering provisions tend to be more generous than some people would like.
http://vanishingnewyork.blogspot.com/2007/09/wooden-water-ta...
(again 2007, but NYT instead of a blog)
https://www.nytimes.com/2007/06/03/nyregion/thecity/03wate.h...