I think you're right but the lack of industry standard for this kind of thing kills it. People want to be able to take the output of whatever tool they use that exports SVG and put it in a browser. Which isn't an unfair request. But you wouldn't have a guarantee it wouldn't filter out the tool using some obscure SVG functionality.
I'd love to see an agreed standard like OpenGL vs OpenGL ES for SVG. SVG-ES. Everyone agrees on the static, non-scripted elements that should work.
The way linked SVGs render from within img tags is basically perfect for SVG images (which as I understand is not standardized but is largely the same across browsers). External resources and scripting are blocked while still rendering nearly all SVGs correctly. And of course, any CSS is scoped to the SVG.
If someone formalizes this as a new format, please give it a new name! tvg tiny vector graphics? savg safe vector graphics?
And keep the scope as simple as possible so it actually ships! Don’t try implementing a binary format or something.