Knowing you're asking Jason (and I respect and agree with his views on it), here's my take:
In most normal uses, the thinner geometry behind the apex is what makes it work better, even after the apex has dulled slightly. Buck Knives reduced their target edge spec to 13°-16° per side (26°-32° inclusive) for that very reason, after confirming better performance via CATRA sharpness testing. The apex still wears at the same rate, which is characteristic of the steel itself, not the geometry; but the thinner grind behind the apex will allow it to keep working longer. It can also be said that a thinner edge grind requires less force/pressure into the apex when cutting, which also helps to preserve the sharpness of the apex.
The ONLY thing working for a 40°+ inclusive edge is a perfectly-crisp apex. When that apex wears even slightly, either by dents/deformation or by abrasion, cutting performance drops off a cliff, because the backing geometry is so wide & blunt. A 30° inclusive edge and lower will still retain some cutting effectiveness in most normal uses, after a similar amount of wear at the apex, because the thinner grind behind the edge allows it. In essence, the cutting edge is just a 'wedge' after it dulls; the only thing left to make any difference in how it'll work is how wide or narrow that wedge is.
A wide-angled edge can definitely retain it's basic shape longer, being less susceptible to rolling or chipping. But by itself, the geometry (shape) of an edge that wide won't ever allow it to cut very well in the first place, and virtually not at all if the apex isn't always in perfect condition.
Manufacturers have long been very, very conservative with their edge grinds; I suspect it's due to their knowledge that a lot of people will essentially abuse it as a cutting tool (prying, 'screwdriver' use, etc). And assuming that sort of use, at least a very thick edge is less prone to severe damage (and subsequent warranty returns) caused by that abuse. Even if they put thicker edges on by design (and most do it accidentally), almost any modern steel or blade can do so much better, if actually used properly as a knife.
David