Though I have also seen consistently applied non-subjective alignment based styles, that are also perfectly reably. But no more reasable than a consistently applied indenting only style. Alignment styles are in general more complex to describe and thus more inconsistently applied.
And sure some subjective alignment based styles are pretty are maybe even marginally more readable. But does it scale? Can the intern who is only here for summer weeks be expected to learn what makes it look nice in the teams opinion while also learning everything else? How about that one coworker who just doesn't agree and refuses to conform to these subjective rules that can't even be written down. Sure, you can have art if you want for your solo project. But programming is a team sport.