There are significant caveats to the term "strength" though.
Powerlifters use every possible technique to reduce effort (e.g. reducing range of motion) in order to lift heavier weights. Obviously this is a good idea for them since the amount of weight lifted is what wins them competitions. But this is a very specific form of strength which isn't generally applicable.
> I think training for strength has more everyday health benefits than bodybuilding
I think it's the opposite actually, due to the above reason (training for general strength is better for most people than optimizing 3 lifts). If you find a way to reduce bench press range of motion and this gives you an extra 5 kg on the bar, this doesn't make you any healthier.
> its training methodology (train large muscle groups with high weight and lower reps ~2x/week) at the novice and intermediate level is much less time-consuming.
You could train large muscle groups as a novice bodybuilder as well. The main difference is that you don't only focus on increasing the weight lifted, but also on putting as much stress on the muscle as possible at a slightly higher rep count (somewhere between 5 and 15 is typical). Doing sets of 5-15 isn't significantly more time consuming than sets of 1-5, since in both cases most of the time is taken up by resting between sets.