I think it's just a hassle compared to say a balance control as once you have it where you want it, going up or down again without losing the settings would be a bit of a pain.
I have seen an unusual mechanical solution to this, where each volume knob had a cog, and there was a gear on a shaft that would flick up or down and engage/disengage. So you adjust each channel seperately and then engage the cogs together so they both move equally.
I think if a volume control IC with rotary encoder/s was used it would be ideal, but hard to implement and code and displays for them is much more case work.
That would allow for the ultimate flexibility as you would remove that problem and allow for virtually any style of control you want, could have two that could be tied to each other by pushing the encoder in or so on, could even say preset what sort of bias to the balance you want in the code or have it as a configurable parameter in a menu etc.