There was a very obscure relevance in 5th: Palladins needed all 10 models in a squad to have different wargear in order to perform full wound-allocation shenanigans; taking a mix of different weapons alone didn't give 10 different builds, so adding a few master-crafted bumps solved this.
Mind you, it made more sense to Master-craft a psy -bolter or a Nemesis weapon anyway.
But it was there!