Stalls in a multi engine airplane are a non-issue, so long as they are performed symmetrically. An assymetrical thrust situation in a stall can lead to trouble, and there is no good reason to perform it.
Why not perform loss of control demonstrations to a full loss of control? Isnt' that a little like asking why not try cocaine to learn why one shouldn't take it? Or getting shot in the leg to learn that firearms really can hurt you?
We teach kids to say no, to not try the coke. We teach range safety to preclude getting shot. That ought to do.
Years ago, multi engine training did include pushing Vmc and doing single engine stalls. A truism is that more people were getting killed doing training than in actual engine failure scenarios. Today, we rightly concentrate on taking the appropriate action at the first sign of a control loss, rather than waiting until it's out of control to do something.
When I was doing structure fire, we were put twice a year through what was called a Swede Prop, also called a Flashover simulator. A flashover occurs when the ambient temperature in a structure or environment reaches a point at which everything begins to burn simultaneously. Usually at a minimum of about eleven hundred degrees F. The atmosphere around you burns, the fuels ignite, everything burns. It's beautiful to watch, but deadly, and unsurvivable.
In the swede prop. we were put in an environment in which it got really hot. Our helmets were too hot to touch for some time after we exited the container. The air in our SCBA tanks was very hot; it sometimes hurt to breathe. I saw masks melted, and nomex burned off of people's faces with some mild second degree burning beneath. To say it was realistic and intense might be an understatement. It was also a thing of beauty. The air around us caught fire in what were referred to as "snake flames;" the atmosphere merely began burning, and soon everything around us was burning. We felt thermal expansion of water in the heat, the steam burning, watched the effects of upsetting the thermal balance, and even watched a firehose contribute to and ignite the fire...and as the water left the hose and turned to oxygen and hydrogen, we saw water appear to burn.
We didn't go in there to practice surviving a flashover. We went in there for one reason,and one reason only. To recognize the signs of rollover, heat, thermal balance, and other things that are encountered in a hot environment leading up to a flashover. We learned to turn our heads and feel the burning in our ears as a sign of what was coming. We learned the sights, the sounds, the circumstances the contributing factors. We sat through hours of class before and after, watched filsm of burned firefighters who died in flashovers, listed to the testimonies of their buddies on the line.
Our sole reason for being there was to recognize the flashover before it happened, and to get out. That was it. Hours of training and intensity burned down to one thing; recognize it and get out.
Training for Vmc is the same way. Vmc can kill you, even in training. You have one mission in life for the period of time in which you train in that one, important maneuver. Recognize the signs and stop it before it starts. No need to burn in, no need to roll over, no need to lose control. You have one reason for drawing breath and for living when you teach that to a student; to teach the student to recognize the situation reduce power on the good engine(s), and to reduce the angle of attack. Your one purpose for drawing breath and for living when you teach this exercise is to provide the student the resources to recognize Vmc and to have the privilege of drawing breath himself or herself after the fact.