Thankyou for the all the answers.
Keeping it decently above max pack voltage to simplify charging circuitry: Yes, this would be the only good reason they do not use 12V. But it does not explain why "19.5V" is often used instead of a nice round number like 18V or 20V.
20V Vgs(max): Sounds credible. Even if in practice I didn't use the parts in this way, I'd still make the decision so that my options are more open later. IIRC most fet datasheets spec the breakdown voltages as minimums, not typicals, so even a little bit below 20V (eg 19V) would probably be fine, but I'd be more comfortable going even lower.
Cheap chargers blowing motherboards: Any good stories or links for this? I've warned some people about the cheap chargers, if only because of what I've found inside them (see photos later). I've seen a couple of laptops flat out reject chargers, even though they only had standard 2-wire power plugs. Perhaps they sense the voltage set point and/or ripple.
The "standard" might be useful for repurposing old chargers to power hobby projects, but isn't the "standardization" almost useless with respect to the actual original applications of the chargers?
Hehehe. Unfortunately I can't find the photo at the moment, but I've done some dodgy things regarding the wrong laptop chargers, late nights and paperclips. Works remarkably well, just don't jiggle it

Indeed the standardisation seems directly useless for most folk, given that each charger has its own slightly different plug, but indirectly I'm sure it has made things at least a
little bit better and easier. A couple of times I've found replacement (oem) chargers that fit and work.
For example, without it you could have a Alienware powered by a 65W charger attempting to draw 180W or more from it?

In all seriousness: I
think the way they solve this is by getting the power supply to soft-kill the output if too much is being drawn.
... but don't bet any money on it. I've seen some dodgy chargers. "5A" example:

No shielding, no filtering, probably no OC protection either

Compare it to a genuine charger of similar voltage & lesser wattage:
