This is imo ultimately a problem with git.

If git didn't have this setting, then after checking out a bash file with LFs in it, there are many Windows editors that would not be able to edit that file properly. That's a limitation of those editors & nobody should be using those pieces of software to edit bash files. This is a problem that is entirely out of scope for a VCS & not something Git should ever have tried to solve.

In fact, having git solve this disincentives Windows editors from solving it correctly.