Does not need to be the exact USB-PD specs , and you are wrong about the cables , USB-PD specs allows for upto 240 watts ...
https://usb.org/document-library/usb-power-delivery Here's the spec, filename USB_PD_R3_1 V1.8 2023-04.pdf. If you don't want to read the entire thing, look at page 76 where there's a table describing what power delivery is available between the standard power mode and "EPR" which allows for higher power modes (which to correct myself earlier, standard power mode allows up to 100W
However, 240W requires EPR, which if you look at page 186, there's a flow chart in how EPR negotiation works. And if you look on the bottom right, item #6a-d, it checks to see if the cable is an EPR one or not. Also, this negotiation is
important. This makes sure the device isn't going to draw more power than the charger can provide.
You need a special cable to use 240W. Also note that even to use anything beyond 60W, the spec says you should use a 5A cable. Considering that it has to specifically call that out, that should tell you something about what kind of cables are available and that you can't plug in just any USB-C cable and expect high power delivery, either at all or safely.
as for saving space , well it does if you stack them above each others.
Even taking some of my E-marked cables and stacking them together such that they're basically touching, it still doesn't save that much space, if any at all:
maybe then "borrow" from USBC PD design and increase the pins count in the connector.
That's what they did. 12VHPwr has 6 pins of power delivery in one connector. For a typical 8-pin PEG connector, there's only 3 power delivery lines. So why didn't they go with the same Mini-Fit connector? Who knows? As far as I know, PCI-SIG didn't come forth with an answer.