I haven't looked into the gearing of the transmissions, but I would wager a 2-speed transfer case is almost certainly getting to the point of being unnecessary. In my older trucks with fewer options of gears in the transmission, it had its place. I can only assume that the 8 and 10-speed transmissions could have taller 1st without giving up a shorter top gear. If GM did their research which I would hope they did. I would wager after the gears in the trans and diffs your ratios may even come out to nearly the same even without it. This is the only way that I could see making sense of not having the 2-speed transfer case.
In any case, I don't use four low in my trucks that have it. But outside of my 19 RST, they have 4.10 rears and 6.32 & 5.72 first gears. Also, I think there would be an argument in there somewhere that if you needed a truck to do something that would require even lower gearing, you should probably be looking at the HD's anyways.