ASC's document software has a similar option, but during the last DC restatement cycle ASC made crystal clear during webinars that the collapsed document could NOT rely on the IRS opinion letter. If I recall they had tried to get the IRS's blessing, but did not.
So the suggestion was to have the regular fully expanded AA signed as always, and use the collapsed version only as a reference copy.
For the reason you mention, familiarity, I prefer to use the full adoption agreement, and I prefer sending it to clients. I have seen other TPAs send just the collapsed AA out for signature, which I think is less than ideal, though for an unsophisticated plan sponsor it is definitely easier to read and use.