Why no reserves?
In the early days of BASE, we used either our skydiving rigs or one of the few Velcro-closed rigs out there. Within a few years, Mark Hewitt invented the tailpocket and the steering line release on slider down jumps. He had had a lineover on a slider down jump and compounded both femurs. His recovery left him with time to think. Velcro BASE rigs, holding one canopy, showed up almost immediately after BASE began. I believe the credit goes to Jim Handbury, who was a rigger for Carl. They spread until there were 25 or 30 of them around the country and the world. It really was a small club back then. The rigs have changed since then, but not much. The germ of the idea has lasted for decades.
When we did a big terminal jump, like El Cap, we used our skydiving rigs. Why not? They were designed for terminal use, and if you picked your gear well, things almost always went perfectly. You liked your gear, and we would pack in bags and do the jump. Everything went well for a huge majority of people, and I'm not aware of any problems from jumping with a bag or having a reserve.
Right now I see the Wingsuiters. They clear out at the end of a proxy jump and pull at a reasonable altitude. Still, there have been 2 fatalities with bridle wraps around cameras, and who knows how many other bridle wraps around body parts that have happened. If you haven't noticed, severe line twists happen on wingsuit jumps. They just create a huge burble. That bridle is whipping around like crazy. You never see line twists like that on a normal BASE jump or skydive.
I think it would be a good idea to reintroduce the reserve for wingsuit flyers, or anyone doing terminal objects. They can't hurt, that's for sure. You can dump them up into a mess if needed, and most likely inflate.
Most of the stuff we did in Yosemite was high enough to easily use a reserve. The round might be the proper reserve for BASE. The open fast and, if it isn't spinning too bad, a flying canopy. As the round inflates, the main falls forward, and you just cut away. That was called a canopy transfer, and I've done about 6 of them skydiving.
When it went to a one parachute system, Hewitt called it "Make your main work." Of course for slider down jumps, a reserve is a waste of time, but on a terminal jump where you can clear out and toss at 1000 feet, they could have saved those lives lost to bridle entanglements and other fatal gear occurrences.
Rounds are cheap. You don't have to be a genius to pack one (easier than squares), and they are tiny. I see that with the wingsuit revolution, they may have a place.
I've heard that it makes it too complicated (baloney-it is one handle). Too expensive (maybe), or just out of style.