Maybe because these features are really independent, i.e. these can, but do not have to go together. It is easier to keep them separated and combine if appropriate. Specifically, I can think about three different situations:
(1) very simple programs and learning of Newlisp - for such situations contexts are overkill.
(2) normal applications or libraries - contexts are simple and efficient.
(3) rare but hard funarg problems, possible if, for example, function / macro calls itself. For that, contexts are not enough.
itistoday proposed the same few months ago:
http://www.alh.net/newlisp/phpbb/viewtopic.php?t=2714 ; he actually advocated less - special "safe"
define-smacro, beside, not instead current
define-macro. I thought that even that shouldn't be part of the standard (hence, burden on maintenance, documentation, justification on Lutz), but that it is better if it is part of some private library, so everyone can use it, yet it can be still considered unofficial or experimental.