Considering the typical saturation voltages of >1V it doesn't look attractive yet they are popular:
Why?
There are plenty of cheap MOSFETs that are in the low tens of milliohms and thus show only a fraction of the losses while the coil current ramps up. You'd just have to add a zener from drain to gate in case the spark plug goes bad, the wire comes off or the controller lets the dwell time run out of hand. Plus some other gate protection but that's no problem.