And same thing in the automotive world, cam seals, crankshaft seals, driveshaft seals, transmission input shaft seals, etc. Rubberized on the outside....and builders still use a sealant against the case during assembly. Not sure why you wouldn't on a jet ski engine..
It's an extra measure or piece of mind, that's all, it doesn't hurt one bit... It might not be a manufacturing process, but it's an assembly technique that's widely applied..