No apples and oranges here. Just stating known observations.
Been sailing for 50 years and can count the number of vessels with no state required bow alpha-numerics - on one hand.
True, I've only sailed the Atlantic from the Chesapeake to Block Island via Pt. Pleasant, NJ and a few large NY/NJ/PA/VT lakes, not counting a two-day-sail in the FL keys, but I can only tell you what my experience has been - and a rational argument as to why boat names are inconsistently a bad ID choice (at best) - while State mandated bow alpa-numerics are overwhelmingly superior forms of ID.
In that rare instance where the boat is in fact "named" - and that name is legible, easy to enunciate, spell and on all three sides of the hull, always use the boat name for ID.
My experience suggests, that is rarely the case.
Lest we forget, a Winesap and Mac are both apples