Three main reasons to have parking mode vs all time normal recording are:
1. To save space on SD card
2. To save power for prolong parking recording.
3. To keep dashcam from overheating.
I believe that all three reasons are not so relevant nowadays.
1. I don't want my parking mode overwriting my last journey, so I think 1. is relevant. Possibly it could use a different area of memory card for the parking mode to solve that problem, but I think it is better as it is.
2. Our batteries are still too small, or our dashcams use too much power, so saving a little power can easily make the difference between missing an event early next morning or recording it, you don't need to save much to make a significant difference if you are often running out of battery before the next drive.
3. Again, saving only a little power can make the difference between not shutting down due to overheat, and exceeding the threshold by 1° resulting in a shutdown for a few hours over midday.
But why not use low bitrate for parking instead of normal bitrate?
There is no need for high bitrate while parked because there is so little movement in the image, the low bitrate image quality is almost identical to maximum bitrate, so even if you do think that those three reasons are irrelevant nowadays, low bitrate is still the correct choice, even if it is only to reduce the wear on the memory card, making the memory cards last longer.
Try using low bitrate while moving and the image quality becomes terrible, so if you happen to be parked on a boat with a good view of the scenery, then you would want to leave it in normal recording mode, but that doesn't happen often, normally the car deck of a ship has nothing visible moving while at sea, and even small ferries don't often have a good view from the cars.