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I think, when I saw it on Instagram, I thought it was just different, not ugly. When you're used to the usual cap head bolt, seeing a nut there instead feels wrong, somehow?
As you say, if someone wants an ultra low profile solution then I'm sure they'll accept the tiny aesthetic difference.
When in animation school at uni I frequently tapped washers to make armature parts for stop-motion. Even when tightening pretty carefully these stripped regularly, so I feel like bike mechs/owners would 100% do so.
Det kan du selv være!
It won't be as low profile as this with a socket sleeve nut.
Is fastening the cages with a nut really that ugly/annoying?
I was going to sell them with two of these: