I have wondered that about SGI machines too.
One guy did explore the largely unused, shared memory graphics system that was used on the O2 and NT workstations SGI made.
He made a very precise compositor. Was capable of many real time effects and sub pixel accuracy. The thing could take huge images and do real time transforms, effects at a couple hundred MHZ clock.
I ran it once, in the very early 00's. Can't for the life of me seem to remember enough to get a URL.