Whiteboard interviews rarely test the ability to communicate on a whiteboard because the interviewer knows the answer they are looking for and the presenter does not.
If you defend whiteboard leetcode using this excuse you are deluding yourself and you are part of the problem. The only thing the modern FANG interview hires for is people that can solve algorithms problems in a silo under pressure. No checks for software engineering skills, collaboration skills, testing skills, reviewing skills, and on and on...
The whiteboard interview is why so many engineers unexpectedly suck.