I have seen some vintage hifi Power amps and the trasistors were socketed (Pioneer and the likes)
Recently I serviced an 90s NAD power amp, the filters caps blew up and took the output transistors with them. What I can tell you is that I truly wished those were socketed as they were a pain to unsolder and replace, the PCB traces want to come loose with the transistors and break off easily, and I'm not even applying excess heat.
So I guess the reason for gear with transistors in sockets was for making it easier serviceable, probably it stopped being used around the 80s because companies embraced planned obsolescence and they don't want anyone to service their sold products, they want you to buy a new unit