the PTFB intermediate shaft is made to minimize sponginess in the steering system, this why it does not use a rag joint.
the oem of course made cars for the masses regardless of how sporty we may envision them, all GM cares about is selling to the largest number of customers, 99% of car buyers don't want to feel anything, a rag joint is just a form of prevention against possible NHV especially on a direct straight line column to steering box application.
PTFB also specifically sells these shafts as Racing parts because it does not have the rag joint, harshness is dealt with by the telescoping portion of the shaft.