I mean if you're writing a ray tracer and the reflected light has more intensity than the light sources, then that's not desired. You can have the same sort of thing going on with a fluid simulation.
One of the nice aspects of Stable Fluids is that you don't need to iterate the pressure correction terms to convergence. Just run a fixed number of Jacobi or Gauss-Seidel sweeps and keep performance consistent. The only drawback of this is some mass loss in areas, which for the present purposes is acceptable.
Sure, but conservation in ray tracing is also a goal that not everyone has and isn’t required for teaching or games or making pretty & even plausible images. There are plenty of situations in both ray tracing and fluid simulation where conservation is not desirable.