Jef considered holding down a key to be a "quasi mode". It is like the difference between the shift key and the caps lock key.
AFAICS only that there is a mode.
Glue some little mechanical contraption onto the Cat's keyboard to hold down the Search key until you nudge the thingymabob again to release it, and it's just as (semi-)“permanent” as CapsLock. (AFAIK, that's exactly how CapsLock worked on mechanical typewriters.) The fact that they didn't build that into the Cat's keyboard in the first place is just an implementation detail... That seems very much like a feint to avoid admitting that there's no “quasi” about it; a mode is a mode is a mode.