SMTP is a line–based protocol, including the part that transfers the message body

The server needs to parse the message headers, so it can't be an opaque blob. If the client uses IMAP, the server needs to fully parse the message. The only alternative is POP3, where the client downloads all messages as blobs and you can only read your email from one location, which made sense in the year 2000 but not now when everyone has several devices.