If my internal network is 10.0.0.0/8 and I have 100,000 hosts and a single IPV4 address that they all appear to be to the public Internet, I’ll sleep a lot better than if I had all 100,000 hosts with public routable IPV6 IP addresses attached to them.
Yes, you can depend on a firewall to protect you but at the very least it exposes information about your internal network and at worst opens you up to future firewall flaws.
I remember the days when people used to have every system have it’s own public IP address. People would scan for broadcast addresses of their networks and we got Smurf attacks as a result. Obviously those wouldn’t work with properly firewalled hosts but it still scares me.