I view runbooks in the same way I view "knowledge transfers". It's management's desperate hope that somehow a person leaving a project or company can convey their acquired knowledge of a system on some Confluence page or from a few meetings. It's a complete failure to recognizing the essence of the work.
I don't think runbooks are necessarily bad if they are used to bootstrap new team members. But thinking their existence is a green light to allow people without domain expertise in a system to be responsible for administering the system during "off hours" is misguided.