Torque plate

Why not during boring? I would think that you would also want it when you bore, to keep the cut straight.

When you tighten the torque plate, it distorts the block, and you want that when boring as honing is not meant to remove any metal as much as just to "scuff the surface"....

If the block distorts when the torque plates are secured it may need to take off more metal than the hone is designed to do....
Some shops advertise torque plate bore and hone. Maybe just a purist but I'd be all for it if they can do it.
In my experience the blocks with only 4 head bolts per cylinder have/can have problems with bore distortion when the head bolts are torqued down....These type blocks seem to really benefit from torque plates, such as Ford FE and small block Mopar.