Typically bells are only used for waterflow now, of course 72 doesn't address that it. Sprinkler waterflow notification appliances are addressed in NFPA 13. The reason a bell is used, at least one reason, is that older sprinkler systems had a water motor gong. This was a bell phyically driven by waterflow. And the water would be pouring out under the bell outside. You knew without a doubt water was flowing. It could just be a broken pipe or dry system that lost pressure, either way a mess was inside. The water motor gongs were used prior to actual fire alarm systems being in place, just a sprinkler supervisory system or a shunt type master box would be tripped by the water flow.
Now most FD's require the bell so that it is a positive (and unique) indicator of waterflow, and its tradition. It is a very helpful indicator for the FD. Many FD's require a seperate colored strobe to indicate waterflow in addition to the bell. The strobe is on the street side of the building. The bell is located outside the riser in alarm. It allows you to find the riser, if you need to shut it off. With multiple risers in a building each one gets a bell.
Enough with the history.
With horn/strobes that can be synchronized, bells are too cumbersome from design standpoint. I realize they were used long ago, but now everything is a horn/strobe. Unless you have a MNS or voice evac system.