It's interesting to see this laser focus on a particular kind of user. If you're running Linux on a server, you're a user, but unless you're very irresponsible you would probably rather your programs crash than give away private information. Your interface is to a cluster of machines where individual crashes are probably not that big a deal. If you're running Linux via Android, you're a user, but mostly you're a user…
Errors are less likely to be actual exploits in servers too. When the kernel panic is caused by faulty driver failing network hardware, or user land software failures, it can take down multiple servers or all of them at once.
Most of the information in servers is private but not sensitive. You don't want anyone have access, but correct functioning and security warnings are more important than maximum information lock down.
btw. I don't see reason for not having kernel option to turn warnings into kernel panics.