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I'm not 100% sure on this, but I believe the idea of lessening the impact of an excessive timeout came after the 1993 Chris Webber debacle in the national championship game. Two points and the ball effectively ended the game in that case, making for an anticlimactic finish to what had been an outstanding game. The feeling afterward was that the FTs are by all means warranted, but that there should be some way for the offending team to keep possession. This may have been the genesis of the trend toward using POI for most technical fouls. The college game (especially on the men's side) wanted T's to have less bite. That trend continued a few years ago when the shift to 1 shot vice 2 for Class Bs was instituted in NCAA-M.
In high school, on the other hand, things have never changed and probably never will. The NFHS rules committee wants technicals to remain an anathema, partly in order to incentivize sportsmanship (arguably a bigger priority in high school sports than college), and partly in order to keep the rules simple and consistent at the HS level.
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