I was interested to see some ADSL modem transmit amplifiers that don't do this. Provided the load impedance is about right, they simulate the right output impedance with a lower value series resistance than the cable characteristic impedance. I think the circuit is something like a Howland current pump but slightly re-adjusted to give a high (50 Ohm) but not infinite output impedance. In this article it is figure 3:
This advantage (of not needing the supply voltage to be more than double the output voltage) wouldn't be generally applicable for lab equipment where someone might run it into an open-circuit and might actually want and expect twice the voltage that they would have got with a 50 Ohm load, without clipping.
I am also a bit leery of using ADSL driver chips in a lab function generator, as they are liable to be discontinued when the market for ADSL chips changes. Still that also happened to the Elantec EL2009 and also the MAX038 that I might have also used in that function generator, so maybe the ADSL drivers would not have been the first to go obsolete. I wonder whether it is already too late for the nice fast 300V transistors that used to be used in the video amplifiers on CRT neck boards.
Chris