Sounds kinda of silly putting a recovery mode on the disk than firmware chip. If the hard-drive or SSD dies there is no way to boot to recovery mode to find out what is wrong. You would not know the hard-drive or SSD died and needs to be replaced.
Also putting OS on the hard-drive or SSD means when the hard-drive or SSD dies you need new OS.
No way to bring OS disk and load it on new hard-drive or SSD.
Macs have not shipped with separate installer disks since late 2011. Since that time, it has all been through software downloads.
And yes, your Mac can connect to Apple's servers, and do a system install, even if your hard drive or SSD is completely blank.
So all recovery can be done from the hidden partition in the hard drive, or if that is erased/replaced, you can boot to Internet Recovery.
You can try that out by restarting, while holding Option-Command-R. You will see a different boot icon (a spinning globe) indicating that you using a network boot, using your internet connection.
The main disadvantage to internet recovery is that you will only have the choice to reinstall with the OS X system that your Mac shipped with originally, and not the one that you might have updated to. But, you can at least set up a booting system, or you can check for the serviceability of the hard drive, and do a few other things as well.