I sort of get your point.
The ABYC regs require that all positive terminals be covered so that means both the post and if present the threaded terminal. In your picture, that is not the case but I am sure you didn't mean to say that the knob alone was enough.
I could see an advantage of the knob for batteries that are removed often, whatever that means. Perhaps some folks pull trolling batteries and charge them out of the boat.