I am sure more learned members will chime in. I am definitely not an expert but I think there is what appears to be a "wide range" because:
1.) Torque settings can be impacted by the condition and how clean the threads of the bolts are.
2.) Error within the torque wrench itself. (varies over the range of the wrench and from MFG to MFG.)
3.) Variations/tolerances allowed in manufacturing the bolts/nuts being torqued.
I target the midpoint of the range provided. But a good point that was brought up, and I think the main reason for using a torque wrench, is that some things consist of an aluminum housing and a steel bolt. Over tightening is much worse in this instance as you can easily strip the threads out and have a mess to deal with. Plus, many of the fluid tanks are sealed with an O-ring, so all you really need is just enough to compress the O-ring. I think in practice, the least amount of tightening that provides security from vibrating loose and prevent leaks is the real target. For example, I have had some exhaust pipe issues recently and have had to take the mufflers and pipes off a few times. At $13 a clamp that is supposed to be single use, this gets expensive quick. I use the lowest torque setting that would give me a seal on the exhaust system so I can get several uses out of a clamp. You have to check things a few times to be sure with some test rides and such, but it saves $.