Earlier quoted context omitted.
More stressful, sure. For many people, whiteboard coding is disproportionately more stressful than typical work, and that’s the problem.
One particular expectation when whiteboard coding for an interview is that there is little/no downtime, you must be making progress or talking about your thoughts. Incidentally, 50% of my thought process then becomes "How do I talk about what I'm thinking about? Oh no, I'm only thinking about talking about what I'm thinking about..."
Yes, I've been turned down for jobs over the white board but I've had more positive results than negative.