Heya folks,
I've been curious about this for quite a few years now so I've spoken to many people about as well as having read up on the issue. Incidentally we are doing transmissions systems at TAFE and so I have access to quite some literature regarding this exact topic. Here's my 2c.
The main reason is that a high track machine's final drives are isolated from impacts and shock loadings, improving final drive life. Additionally the final drive unit is not rolling around literally "in" the dirt/mud/dust. Because majority of our contaminates in earthmoving enter through seals etc it makes very good sense to lift this component up and have it out of the dirt. Again, less wear is the goal here.
Secondly, when we consider the machine's balance (ignoring blade and ripper, and only taking into account the tractor) the main machine weight is over the tracks, not on the rear. This gives significantly better traction (allegedly, I'm a fitter not an operator). Obviously if it had a giant blade and no ripper it would be forward heavy, or a giant ripper and small blade would be rear heavy. Common sense prevails- balance the weight of your blade with something on the back. Furthermore the track frame can then be extended forward of the machine, rearward or both depending on the configuration. XL configuration has the front idler more forward than standard, XR has the rear idler extended rearwards and LGP has the idler in the same position as XR, while extending the front idler further than even the XL configuration. Because you can't shift around the final drive of an oval track machine this gives greater "from factory" customisation.
From a serviceability standpoint being able to remove the transmission through the rear is certainly an advantage worth noting. Any way to improve serviceability is always going to save money in the long run over a machine's lifetime. Does this outweigh the additional undercarriage wear from having two idlers? That's for the bean-counters to figure out but we must keep in mind that a high track machine has more track plates to spread the wear around. Personally I cannot understand seeing any high track without a carrier roller but they are around... All that does is increase the track wear as it whips over the large space, especially at higher tractor speeds.
From a physics standpoint we would lose some power because an oval track is pulling the track over itself in the same plane as the track is driving the ground. A high track is pulling it around and idler and then to the ground on a different plane so it's impossible that some energy isn't lost.
I hope you all find this interesting, I've always wanted to be able to contribute to this sort of discussion

If you want me to post pictures of some of the diagrams and paragraphs in my texts then I'm more than happy to oblige

Peace!