My two cents...
Only when the spindle diameter is slightly oversize with regard of the clamp diameter, is when you can be positive you clamp is actually clamping.
Honda did it that way, and for that reason there is a gap.
In my "modern" CB Seven Fifty -built in 1993-, I found that the master cilinder clamp has the "top" marking pointing downward. I also discovered that the handleblar clamps has some small indentation that serves to install the clamp in a given direction.
For the life of me I can't see any reason as to why marking a "top" sign in the M/C clamp, or an indentation in the handlebar clamps. But I can tell you that I was getting mad at riding while seeing a "top" engraving facing downwards. So one day I got my sockets and installed it the "right" way.
Long story short: I find no reason why there should be any difference in the orientation of the clamps. But my theory is that the japanese, being a conscietous and perfectionist type of people, found strange to leave, in the shop manual, something to be decided by the assembly operator. Everything must be specified, clear, and with no hint of improvisation.
Back to the front spindle clamp, it is necessary that the diameter is smaller to make sure there is clamping force. As long as there must be a gap, in Honda decided it was either leaving the decision where to leave it to the operator, or specifying where to do it.... and they chose the latter.
It is the only reasonable explanation I can find for that. Apart from what TwoTired says about preventing the front side to get exposed to water and debris, the actual force is performed by the bolts, not the clamp itself, so I don't see any structural difference between leaving the gap in the front or in the back.