I would also advise you try to find the UL White book AALZ section and give it a read.
This is one of those things that comes down to manufacturers, how the equipment is tested, terminations are tested, and when they put that all together, the listed rating.
Essentially, as a thought experiment, I would suggest trying to figure out how to test a terminal can handle the ampacity of 3/0 CU THWN-2 and then how a panelboard stacked full of breakers in a enclosed room with no moving or cold air, can handle the ampacity of 3/0 CU THWN-2. The manufacturer and UL will require that all of that be able to handle 200A. As a type of control to verify and list everything off of. That way when you put it on a 200A breaker, the circuit is protected. If you put it on a 300A breaker could you still say the 300A breaker protects it? What about using terminations only good for 60°C? Or what about trying to use the outside free air rating on a 75°C termination rated to hold 3/0 Cu but a breaker rated 300A. Would the terminations hold up? As you can see there are a lot of different listings and ratings that combine to make one safe circuit. So UL basically says that we are going to test this stuff to a specific rating to verify it works as intended. And those ratings are laid out in 110.14(C).
It is more of a situation where they need to be able to label the ratings to maintain the NECs safety to ensure the terminations, equipment, wire are not a point of failure. They should, when installed correctly, be able to be protected by the OCPD.
It is also why torquing has become more prevalent. You want to ensure that the wire will not escape the termination during a fault and that they are not too tight or not tight enough creating excess heat.