I would guess, simply, just because they can. There's no real other reason for it, other then there are a lot of effects that act like a certain type of card, but for one reason or another, it isn't that type of card. Just like how Nightmare Penguin functions like a Flip Effect, but it's not a Flip Effect. I presume they just didn't want it being treated as a Union, as it's already a Syncro, so how many more advantages does it need? First thing I can think of is maybe they didn't want it being used with Combination Attack, but I digress.
Functionally, it's just different. As such, it could be equipped to a monster that already has a Union, since it isn't one itself.