Mark,
First, thanks for the reminder, I know I've been a little relaxed on mounting my extinguisers, probably somthing I've ignored over the last month.
As others have pointed out, there are a variety of user types on this forum and with each type carries various risks. However, in all parts of our life we trade risk for cost. I get in my car and drive to work every day knowing its the largest risk I will take every day, I've chosen to forgo safer means like walking (30 miles would be a little time consuming as well) and accept the risk. Most of our homeshops are the same way, at some point we have to manage risk and not spend to reduce or eliminate it. You do the same thing I would assume in the shops you build regardless of the budget.
Just because an item is not UL listed etc does not mean it's unsafe, nor does being UL listed ensure the device is safe, it simply means its met a standard. Our shop UL lists every panel, that doesn't mean that after we install that panel, that the end user won't add a device that overloads the panel, or change a fuse that then overloads a circuit. The same would hold true with a dust collection system a UL listing would be useless if the the ducting were not properly grounded etc which I believe is part of your point, but lets not equate UL or any other listing to fire safety, proper design and installation is what keeps us safe.
As others have shown, there are numerous posts about grounding dust collection systems, sawstops, etc. Its probably one of the primary reasons I'm here, there are a lot of good ideas here about safer ways to do things. Its evident that this is a passion of yours, and likely you could bring a lot to the table for the rest of us. Perhaps you would be willing to share the design considerations and construction methods that have proven so successful that way we can all look at the risk in our shops and decide if that risk is worth the cost and factor in the insurance implications as well.