I would have thought that the reduced under head contact area of the socket cap bolt and the complete absence of contact area of the nut missing from the inner hub face both render the assembly more prone to instability under the torsional stresses imposed by acceleration and braking. In any case, as I've pointed out before, by using correct components one can build the hub and brakes completely before lacing on the rims. Incidentally, this may have been done on the fairground Wurlitzer pictured above.