From what I understand, there are legal limits on the surface temp on a mobile device in some countries. So
@marsatas is right. Since the chassis is metal, applying the thermal pad will help conduct heat from the source out, but at the same time, increasing the surface temp. If Apple did that and someone hurt themselves, its gonna be a lawsuit against them as well. But if user did that on their own and got hurt, then the liability is not with the company.
I've performed this mod on the M1 MBA and while it worked very well to maintain temp and performance, the base is super hot under sustained load without a fan cooling it.