1. I'm suspect that investor counsel at the typical Silicon Valley law firms don't really care what forms company counsel starts from as they as they mechanically work properly (i.e. they don't have to proof the anti-dilution formula). As an investor counsel myself, I don't think reviewing the NVCA forms is any easier than reviewing [fill in name of typical Silicon Valley firm] forms. There are some east coast/west coast differences in philosophy on the NVCA forms, and although I think that the NVCA working group has made strides to make them more neutral in recent iterations, there are still east coast biases that make the documents investor-favorable as opposed to company-favorable or neutral.

2. The point is simply that there are mechanical hassles in using stripped down forms as they will end up as one time use only — and aren't easily amended and restated.