^^ Absolutely, there were many good artistic reasons, the vocal majority of fans demanded 4:3, and thus put CBS Home Entertainment in the comfortable position to sell TNG-R in 4:3 first plus
keep the option for a later release in widescreen.
However, I don't think it's a smart thing to limit your options, and felt some comments of people closely involved with the remastering project to be too close to unnecessary 16:9 bashing.
For the sleeper ship in "The Neutral Zone" elements were missing for 16:9 image extraction, but to claim that they couldn't use the spacedock widescreen footage from ST III-TSFS because the Enterprise-D
VFX shot only existed in 4:3 and its edges had been cut off, had an intelligence insulting connotation, IMHO - Because they had a close to perfect CGI recreation of the Enterprise-D,
already used in "Farpoint" they could have just used to overcome the deficiency of the Starbase 74 entering Enterprise-D