What if you run only one circuit wire to the respective terminals, such as a dead-end receptacle or wire-nutted splices with pigtails to the receptacle. There's no splice and you still have to meet the requirement of 406.5(G) and 406.6.
Insulating conductors, namely spliced conductors, versus making terminals touch safe are two different (but similar) purposes.
PS: I've never been one to tape my receptacles. Just pointing it out for discussion.
Ok, I'll just leave it like this- there is nothing in 110.14(B) that mentions receptacles specifically-merely splicing devices/methods (I get your point about dead end)but it does mention an "identified insulating device" which could include a faceplate(?) and there is nothing in 406 that says the receptacle terminals themselves have to be insulated- in the absence of such a requirement, it is not required.