If the chain never jumps off the sprocket, or if the damage that occurs when it does isn't a concern, then it isn't needed or worth the effort of putting the plate on.
Kind of the same category as helmets, leathers, and air bags for cars. Don't need them to get from point A to point B MOST of the time. And, there are cases where they are never needed in a lifetime. Still, some owe survival to their use.
One of life's choices...

I happen to find comfort in having that plate there. Maybe it's because I watched a bike ahead of me (CB450) throw the chain off the sprocket when his shirt got caught in it. The plate allowed the trip to continue after chopping out the shirt remains and getting the chain back onto the sprocket. That plate prevented any damage to the machine's wheel, spokes, or swing arm, apart from some marking on the plate edge.
Cheers,