If the default was fish that could live in a 10g, and we could special order our weird big fish - the hobby would be just fine and there would be less dead fish involved.
I take your point.
It would indeed be fantastic for an arowana lover for example, who has very limited space, to just go and buy a dwarf one for his 55g tank. They get to keep the fish of their dreams without the need for a huge tank. Great.
But to get those once huge fish bred down to a few inches, if it was even possible, would you then end up with a fish that was so weak genetically, so messed up, that it's existence and lifespan were significantly compromised?