I understood the point he was making to be that under a strict interpretation of the law/regulation in question, there is no flexibility around whether you have it because you're intentionally harvesting undersize stock, or whether it was thrown at you from a passing car as you walk home. If the act of possession is illegal, then the rest of the circumstances are irrelevant.
Of course, any reasonable court would/should dismiss this, even in the unlikely instance that someone would decide to prosecute, but the problem is that is a dangerous thing to rely on. And if it were recorded by not prosecuted, it's now a liability that can be used against you for other reasons, until the statute of limitations applies.
If the law prohibited selling, or possession in a commercial context (large lobstering boat, etc), it would be reasonable. The damage to lobster stocks is likely[1] due to the large commercial concerns, rather than individuals catching small numbers for personal consumption.
Likewise for the 'it's targeted at the vanishingly small number [...]'. If the law isn't specifically targeted at them, why not? One good reason would be the creation of loopholes that allow it to be broken without penalty, but if the alternative is allowing perfectly normal activities to bear the possibility of prosecution, subject to the whims of the legal system, I think I'd be in favour of being precise.
[1] wild-ass guess here, but I think reasonable