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Well I've learned some things, which is no bad thing.
However, neither your example nor those of M_V have convinced me that a tool with a locating pin isn't the best choice for the majority of home-mechanics, servicing their own bikes.
Either way, the tools are cheap enough that you don't need to be a pro-wrench to have both in your box if you want!
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I have one with and one without. I had to get the one without a pain when I got centrelock discs and the locating pin wouldn't fit into the axle.
#csb
Yeah some old XT hubs take cassettes and have solid axles.