Yeah, it’s a strength issue. Hubs are generally aluminum or plastic, bearing races are hardened steel. If there’s minimal engagement between the outer race and the wheel, then it could start digging into the wheel over time. Lateral forces from turning/carving would put a lot of force on that bearing race surface. Safer to make it beefy.
Both of those scenarios are going to be largely dependent on the bearing fitment in the hub. If the bearing fitment is not “just right” then you’ll have issues, no matter if the hub is split or not.
If the bearing fitment is loose, the bearings just fall right out which makes removing bearings easier obviously, but can make owning the wheel annoying if your bearings are constantly falling out. It can also lead to clicking noises and wobble from the wheel as you’re riding, if the bearing is not snug in the seat.
If the bearing fitment is tight then you have to press the bearings in with a lot of force, and getting them out is a huge ass-pain. However, the bearings will be very securely captured in the wheel, which can improve bearing longevity and eliminates the possibility of bearing wobble/clicking.
Getting a bearing seat “just right” in an aluminum hub is actually very challenging, from a machining and engineering perspective. You have to call out a very accurate dimension (which might be perfect for one bearing, but slightly off for a different bearing, because skate bearings are not precision at all), and then the machinist has to machine that feature extremely precisely to your dimensions. People think that CNC machining is automatically high precision, and in general it is, but for something extremely precise like a bearing seat, normal machining operations have little tiny variations that would cause issues. So you have to call out that high precision dimension in your engineering documents, and the machinist has to do a separate operation to make that high precision feature.
All that to say, it’s non-trivial to make a metal hub with a bearing seat that is “just right.” Stan’s hub was one of the v1 Hoyt 5" hubs (silver), and those had an extremely tight bearing seat. So tight that we had to install the bearings with an arbor press. That made removing bearings a big problem, as he experienced. The new v2 Hoyt 5" hubs (black) have a muuuuuch better bearing fitment. They are a perfect press fit with your thumb, and then you can knock them out by tapping the wheel against your hand or the table or whatever. Extremely satisfying, and non-trivial to get them “just right.”