That's definitely the case heads up but when there are multiple people at the table it isn't very common that the dealer doesn't have to draw on his hand. Everyone at the table would either surrender, bust, or have a blackjack during a given round for that to occur. However, you only need the possibility of that (heads up or with others) to have a reason to prefer no hole card.
I think I would personally prefer for the dealer to have a hole card, just so hole carding would be possible.
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