Because the barrels at the time were hand-made by hammer forge-welding a wrought iron skelp (flat and long) into a round barrel with no seam. Heat and hammer over and over for perhaps a week around a mandrel of the approximate caliber they wanted the barrel to be. There was no machining involved in that. Bear in mind that the ability to drill a bore into a cast steel blank was invented by Remington circa 1832. There was no way to drill a rifle bore in steel before that. Canons were typically cast and then reamed, which they referred to at the time as boring a canon. Although they were called cannon boring facilities, they were really canon reamers. They could clean up and straighten out an existing hole but couldn't actually drill one into a solid steel blank.So why the early development of swamped barrels rather than fluted barrels? Easier to machine with what was available at the time (lathe as opposed to milling machine)?
After the barrel was completely welded seamlessly together, they would remove the mandrel and ream out the bore to make it perfectly straight. n some locales the un-reamed barrels could be sent to canon makers who did have a machine that could do the reaming but not the boring. But generally, that reaming was done at the gunsmith's shop. This reaming process to straighten the bore is why several different calibers could result from the use of the same mandrel. Then, after the bore had been reamed straight, they would do the rifling, which is a very slow and laborious process using a very long "rifling table". Finally they would file the octagon shape onto the barrel. Octagon shape was easier than making it round.
That swamped style of making barrels came to America along with the Moravians from Germany who had been making Jaeger rifles in Germany since the 1600's. The swamped barrels, if you've never used one put the balance point of the barrel up close to or under the hand you use to hold onto the forearm of the rifle. That balance point makes it very easy to mount swing and hold on target, as well as just carry around - far better than a straight tapered, nose-heavy rifle where the balance point is a foot or more past where you hold onto the forearm.
The butt of my rifle that you can see in my avatar is resting on the ground (I'm all of 5'6" tall on a good day). The Barrel is 44½" long and the overall length is 60½". My Traditions longrifle has a 40¼"-long barrel and is 57"-long overall. My Early Lancaster Rifle is a full 4¼" longer than my Traditions PA longrifle and yet it weighs a pound less at 7¾-lbs. vs. 8¾-lbs for the shorter Traditions. Not all of that is due to the barrel though. My Early Pennsylvania Lancaster is a very slim and very fine build with a very slim forearm and superbly fitted stock. Both are .50 caliber and I use a .490 ball with both. I have loaned out my Traditions longrifle to members of the regiment at reenactments where they otherwise would not be able to take the field, but I keep my Early Lancaster to myself. If it goes into the field, it is going there because I'm carrying it.