Years later, in the fifteenth re-implementation of some part of some service, somebody is going to forget to read that bit. Or an errant database migration isn't going to transfer it properly. Or the database will be leaked, and all of the "deleted" content will still be there (e.g. the Parler dump). Or a race condition will cause the check to occasionally be ignored every other Sunday.
Discovering that this is happening can be next to impossible. An application might read the deleted bit correctly when generating the ordered list of stuff you've looked at, but might not read it correctly (or might deliberately ignore it) when generating your advertising profile or when making content recommendations. I swear I've seen this on Amazon, though of course, I'll never be able to prove it.
Chilling effects / social cooling includes stuff like this. "I'm not even going to click on that, because I don't trust the platform to clear my history properly."