Cuz lvl 50 water sprites, and they respawn super fast...
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Even if the rate is highest when solo, You'll never kill mobs as quickly as with a full group. Especially if the area is crowded with others. You'll just end up fighting over claims anyway...lol
I have been solo SBing a lot in the past before ever joining SB parties (and also before the SB nerf), and I can assure that yes, solo yields you more SB points per kill. However, the killing speed you get as a party makes up for it. In the end, a party is more advantageous long as it's not a party of AFKers.