Mazda knew what fluid would be used in the M5OD when they developed it. I highly doubt they designed it to use some expensive, uncommon MTF then Ford said "nope, we'll just put Mercon in it." Of course it was done out of convenience, simplicity and cost savings, but that doesn't make it a poor choice for the application. Ford also put ATF in my truck's power steering pump, out of convenience. That's fine since it works perfectly good in that application, probably just as good as a dedicated power steering fluid would.
There probably are fluids that are "better" than Mercon for this application, but what really constitutes better? When M5ODs can easily rack up 300,000+ miles on ATF with no issues, what's the problem with it? Aside from leaking slave cylinders, these transmissions have a reputation for being reliable, and the vast majority are not running a specialized MTF.
If people like using a pricier MTF because they feel it improves shifting or gives them more peace of mind, there's nothing wrong with that. I just haven't seen anything compelling that shows that ATF is damaging to these transmissions.