Perhaps to increase life expectancy of the threaded sections. If a pellet is pushed in then the pellet probe is offered up and then without screwing in,the plunger is pushed in pushing the pellet down far enough that as you screw the probe in there is no resistance from the pellet to increase wear in the thread. Over thousands of shots perhaps the inventor feared it would lead to excessive wear. The photo where its extended seems to show that the length of the extension is slightly longer than the thread which would make sense. Also the thread appears more tapered on the plunger version with a short collar,perhaps this helped keep the probe straight when loading as described rather than sitting awkwardly on the biting point of a deeper cut thread. Also with the pellet now forward of the transfer port a non returning fixed probe would be sitting in front of the port creating resistance & turbulence in the air flow.
The plunger design sort of reminds me of a spring loaded Stauffer pot to look at.