That limitation doesn't detract from the design and reversing mechanism. The benefit I see is not requiring or obstructing a machine spindle; whole thing could be purpose-built; and there are a LOT of more powerful suitable motors. That creates options in the various chuck mounts.
Any bench tapping I've used were suspended by a parallelogram maintaining tool perpendicular to work surface, nice but a lot of motion navigating hole to hole. Most tapping is a couple fixed locations on successive parts. Moving the part to a specific location needs no [or very little] coordination.

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