The nice thing about this implementation is that one could "reconfigure" each part of the fusion drive as needed. For example, I could start off with a 128GB SSD and then switch it out for a 256GB later when I can afford it.
That may or may not buy you anything on most workloads.
It would make more sense if updating both sides. If going to 256GB SSSD when move to a 3-4TB HDD. If that capacity is being driven by much larger files or much large working set of files then yes... this is why more flexible that Hybrid drives.
But cranking up the cache ratio up to 20-50% isn't necessarily cost effective. The problems with HDDs is that the cache ratios are pathetically, ridiculously bad. That's what "race to the bottom" pricing often does.
2.5" drives suffer even more if the HDD density goes up much faster than the flash modules. (and flash modules with higher density have more problems with errors and wear. ) A 3.5" Hybrid perhaps not as much but so far vendors are skittish to make those.