The only reason Professional Ordnance made an all poly AR pistol was to side-step the poorly written Clinton Assault Weapon Ban. P.O was the first to make a poly AR.
Clinton's ban banned certain pistols based on weight. At that time, you may recall that there were a number of "assault pistols" being made: Mac 10's, Tech 9's, Spectre, and other semi-auto version of small sub-guns. These (as configured) were all banned from further production. Also, AR pistols were in their infancy, and the ban, so Clinton thought, would ban them as well. Professional Ordnance got around the ban by making all poly AR pistols - because it was within the weight requirements and by using a non-threaded compensator, it wasn't subject to the ban.
I'd agree that all-poly AR's, while feasible, have no real purpose today. I just wanted to point out that cost savings was not the overriding factor in the first polymer AR's.