No, the reason why it’s customary to boost the font-size a little on larger screens is because otherwise things start to look silly because you’re using such a tiny part of the space available to you, and you have a larger viewport, so you can increase the size a bit without losing too much from the screen at any time. But if you take it too far, it starts to look silly for different reasons, because it’s unreasonably large (and more importantly, inconsistent with common practice).
(Also: 16px = 12pt.)
I guess in 2006 the resolution of monitors wasn't the same as it is today meaning (if the website wasn't updated since then) it was never tested on a 14 inch near 4k display.
I guess that partially explains it, I'm on a laptop which is naturally closer than a desktop monitor.