I just had a similar discussion with a customer on Thursday. "At [my old job], doing that would get you fired."
"That's why it's still a small company. It's run by idiots. I've been doing it since you being conceived was a wet dream. I've never had one come loose, much less off. Threads only, not on the seat. Tighten them in sequence to the torque spec and it's fine."
He gave me a look like I made up the sequence and torque spec bit.
Worked two years in a diesel shop. They never had a wheel nut come loose either.