First, point clouds are not exclusive to visualization work. Most of the original use was, and still is, with civil design. That expanded into what some vendors describe as "reality capture" - scanning a facility so the actual as-built conditions can be referenced in design software. That's better done (for now) with points rather than faces.
Second, watch the conspiracy theories. Things make a little more sense without them. ReCap should be available with most products, and certainly the collection licenses. There's a few extra features in the Pro version but most users don't need it. It's presence isn't to lock out/in/whatever users. There's a wide variety of point cloud formats, most of them proprietary databases, maintained by various third parties. Different Autodesk programs from different teams were implenting these in various ways. So now, there is one common front-end program which can handle many different formats. When the third party teams update their format, it only needs updating at one Autodesk point, not several, the product teams can focus on their product, and there is a dedicated point cloud team to handle the finicky bits.
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If you are going to fly by the seat of your pants, expect friction burns.
"I don't know" is the beginning of knowledge, not the end.