Frame pointers are still a no-go on 32bit so anything that is IoT today.
The reason we removed them was not a myth but comes from the pre-64 bit days. Not that long ago actually.
Even today if you want to repurpose older 64 bit systems with a new life then this of optimization still makes sense.
Ideally it should be the default also for security critical systems because not everything needs to be optimized for "observability"