One of the reasons drivers don't get prosecuted with the more serious offence is the lower chance that juries will find them guilty. I'm not sure cyclists would be given the benefit of any doubt in the way that motorists are.
I don't think they would either, if everyone was held to the standards of the very rare death caused by a cyclist then the roads would be a lot safer.
@snottyotter started
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One of the reasons drivers don't get prosecuted with the more serious offence is the lower chance that juries will find them guilty. I'm not sure cyclists would be given the benefit of any doubt in the way that motorists are.