is this a preferred practice, best practice, or recommendation any where in document form from NESC/IEEE?
You wont see anyone on this forum quote the NESC. You need to search that yourself.
Without conduit you will see smaller conductors carrying more current in free air.
but if you remove the bond or connection to ground/neutral on a high voltage transformer you are creating and very large metal can energized at 7200v....
Yes, that single distribution line entering top of xfmr needs a return line.
Each transformer also bonds to an electrode traveling down the pole to the earth, which is a grounding electrode system (neutral).
and has killed the men that work these lines.
When traveling as a groundman for linemen crews repairing storm damage, they said lighting strikes that hit power lines can kill linemen miles away, and nearby strikes have killed everybody on the ground.
One of my clients witnessed a lineman fall from their backyard pole, followed by a blue flame, which continued to emerge from his chest after he hit the ground. That is consistent with
geomagnetic storms that are most intense in northern latitudes during solar maximum.
I have personally seen ball lighting floating down our pole transformer, and read about serious burns to curious people that got too close.