The main reason is reduced friction.
Pulling a chain (rope, cable, etc.) around a larger radius curve reduces friction/resistance, and therefore, heat, wear on the bar, strain on the motor, etc. With a sprocket nose, a larger radius means that they can pack a few more bearings in there as well.
The larger radius also provides a larger area (lower quadrant) that you can bore cut with. The downside, is that it also provides a larger area (upper quadrant) subject to kickback. Some manufacturers tried to address this by making 'banana bars' that had an asymmetrical tip (smaller radius on the top, larger radius on the bottom).
Larger radius bars s*ck for carving.
Many guys probably want them just because they can't get them anymore, so some sellers may try to jack up the price, based on scarcity.
Philbert