Disclaimer: my preference for minimal terminals is weak (and doesn't apply to some classes of features: I dislike features on the "input" side but don't mind weird features on the "output" side).
Often I use the same machine both over its own keyboard and screen and over ssh, so I want consistency between the two. For some terminal features that would only require me to have the same terminal with same configuration on both sides (which is doable, but in some cases annoyingly onerous to maintain). Some features, such as tabs, are strictly worse than using something underneath (e.g. tmux) in such a setup, so I don't want to use them at all. I then don't want them to (a) take up screen space (b) be an attractive nuisance.