This topic comes up quite a bit. The theory makes sense, but this is another one of those issues that comes to a combination of manufacturer instructions, listings and practical installation.
It is quite a deep rabbit hole but it was really affirmed by busman and UL at a recent conference that trying to do so is just not feasible. All of the UL, busman, littlefuse, etc. reps said that literature is meant for people who make the control panels / industrial control panels. And installed inside of the panel. Not exterior to the panel.
Meaning, trying to reduce peak let through by exterior means, like fuses, acknowledges you are installing it knowing that the available fault current is higher. Tested / listed series rating combinations is the only way I know of that manufacturers allow to protect their panel.
I hope you know, I am not pretending to understand the nuance of this. What I do know is there are certainly thousands, if not millions of jobs out there where this is violated. Not aware of many design teams or inspectors focused on this. Kind of concerning when I read form knowledgeable people like you.
This is true and is a combination of factors.
1) available fault current is a maximum value and is almost never that high. Meaning equipment failure by means of too much fault current is not always probable. But, if it does occur, can be catastrophic to the building, equipment, people nearby, etc.
2) Because newer equipment has a different failure life cycle. Mainly the controls or programing are the primary reason for replacement, removal, etc. It is rarely a fault that marks the end of life for industrial control panels.
3) Multi hat inspectors are a jack of all trades and seldomly recognize the nuance issues. Not all plan reviews require AFC on the plan check. So by the time the field inspection takes place, the electrician / contractor is just installing it per plans. The engineer of record might not even know the SCCR of the equipment purchased by the owner when he is drafting the plans for plan review. Or the general contractor / electrical contractor doesn't coordinate with the engineer for AFC when buying the industrial control panels thinking they know what they are buying. There are a lot of messed up ways this can get lost in translation between involved parties.