Fair enough, but as I recently wrote to bernard, being 'exceptionally cautious' is not necessarily 'better', particularly in cases (cable 'limits' almost certainly being an example) in which one is adding one's additional caution to a 'limit' which already includes a very generous 'safety margin'. Some may feel that if it had been deemed appropriate to have the 'minimum standard' as "thou shalt not drive faster than 30mph on this road", that it would actually be 'better' never to drive at more than 10 mph on that road.
Furthermore, it's not uncommon that there are actually downsides to 'exceptionally cautious'. Even with electrical cables, using a much larger cable than necessary will increase fault current, possibly to the detriment of components of the circuit other than the cable under fault conditions.
"Over-engineering" is, in general, not necessarily 'better', and is often the consequence of the perpetrator not being knowledgeable, skilled or experienced enough to understand (or be able to determine) what is 'adequate' - as was probably the case with the Victorians who built some parts of my house with 13½" and 18" brick walls, 12" x 4" floor joists and some 2"-3" water pipes!.
Again in terms of 'downsides', I don't think you would get any praise or prizes at all (and may not even retain your job!) for designing an aircraft, spacecraft, racing car or even road vehicle which was 'much stronger' than the 'minimum requirement', if that were achieved by making it much heavier than was otherwise 'necessary'. The truly skilled person will be able to produce an optimum design, which achieves 'adequate' strength, but with minimal weight. Similarly, you may again not keep your job for long if you designed products which went a long way beyond 'minimum required standards', to an extent that many others may not be considered 'necessary', if it resulted in a product that was more expensive to manufacture.
Of course, reflecting the 'potential downsides' issue, 'minimum standards' often come with both minimum and maximum 'limits', which makes the situation a bit more complicated. Whether tightening a nut/bolt or deciding which dose of a medicine to prescribe, to over-tightening the nut ("to make sure that it doesn't come loose") or to overdose with the medicine ("to be sure that it works") can be at least 'as bad' as the opposite.
As with so many things, it largely comes down to common sense. The person who will keep his/her job for a long time, and whose work will be 'admired' and hopefully well-rewarded, is not the one who always 'over-engineers' (in the name of safety, reliability or whatever) beyond the minimum required standard (regardless of issues such as cost and/or other 'downsides') but, rather, is the person whose is knowledgeable, skilled or experienced enough to understand (or be able to determine) what is a reasonably 'adequate' compromise (which may not address 'incredibly improbable' theoretical scenarios).
I'm sure that, if I really wanted to, there are quite a few things I could do to make my house appreciably more 'lightning-proof' than it is - but I don't
Kind Regards, John