Any proper rules nazi can tell you why it's forced to be that way. If it weren't, you'd just choose stun then add an elemental effect that does physical damage. The elemental effect would override the stun and you'd have a stun cost physical spell.
Really the only time it comes up is vs. objects, and you might as well just take powerbolt or fireball for those. Shock still incapacitates enemies (and ignores metal armor), smoke ignores all armor except for inhalation blocking gear, and sound ignores everything but dampners/silencing spells and nauseates. Of course lightning bolt still has the chance to cut out electronics which, for expensive gear, may be preferable to straight up destroying.