A rear brake is not really used in performance bike/motorcycle riding situations much at all though, unless it's just a quick stab to slide the tail a bit.
1. This is true for a normally balanced vehicle. In my case (packs mounted on the rack plus a heavy x5 hub, plus an occasional sixpack in a pannier bag) the friction in the rear is unusually high. If I lock the front wheel and apply full throttle, instead of burning the rear I slide the front. I have not been able to lock the rear with regen yet. As someone who has been riding relatively technical MTB singletrack in the past this is indeed a strange feel when you rear brake has more effect than the front one.
2. At high speed the problem is not the tire friction limit but brake overheating. I still remember a downhill ride somewhere in Crested Butte, CO when my front V-brake pads started burning (I am a heavy guy) and emitting thick white smoke for nearly a minute as I tried to find a safe run-off into the bushes (where I crashed safely with hundred cuts from thorns but nothing serious to the bones or the bike frame). Brake power dissipation rises as a product of V(speed) x F(braking force). When V is high the limiting factor shifts from tire friction limits to brake power dissipation limits.
3. Regen brake acts as a boosted brake, requiring very little force to modulate the brake action.
4. There is a psychological safety factor that works like this - with mechanical brake on a bicycle I sometimes avoid braking just to maintain momentum, especially when I am tired. With regen braking I know that about 60% of that energy is recycled so I brake when needed without hesitation.
5. There is very little change in brake feel over time as you go downhill, due to lack of any thermal / surface effects. Also braking action is not affected by dust, water and air temperature effects.
6. It is possible to design a true anti-lock regen brake (with custom controller firmware).
7. (forgot this one, editing in

) Brake pad wear / need for periodic adjustment is greatly reduced.