FreeBSD runs ntpd as root.
Freebsd and OSX are related, so that explains things. In fact, others, such as Linux, do run as a kind of root (capabilities), but only give access to certain root level resources (in this case : system time).
Strangely enough, that's still enough to wreck havoc since a lot of other hacks depend on messing up system time. So, being to compromise system time could lead to intrusions on other vulnerabilities.