Earlier quoted context omitted.
Presumably you can look at the file and tell which mode is used, though why would you care to know from the filename?
I find it incredibly helpful to know that .jpg is lossy and .png is lossless. There are so many reasons why it's almost hard to know where to begin. But it's basically the same reason why it's helpful for some documents to end in .docx and others to end in .xlsx. It tells you what kind of data is inside. And at least for me, for standard 24-bit RGB images, the distinction between lossy and lossless is much more impor…
Be careful to ascribe reason to established common practices; it can lead to tunnel vision. Computing is filled with standards which are nothing more than “whatever the first guy came up with”.
https://en.wikipedia.org/wiki/Appeal_to_tradition
Just because metadata is useful doesn’t mean it needs to live in the filename.