Adding two bytes would have been just as much work as adding 12 bytes, and would have left us with too few addresses rather than too many. The MAC address space is now 64 bits and L3 is necessarily less dense than L2, so 128 bits is the smallest power of 2 where we can be reasonably sure we won't end up with too few addresses.

Considering how hard deploying a new L3 protocol is, we're only going to get one shot at it so it's a lot better to end up with too many addresses rather than too few.

Ehm but IPv6 packets still have the L2 layer as well right? Which already includes the MAC address. So that 64 address MAC space is doubled, it's not like you're saving any. It was a pretty arbitrary decision to accommodate the MAC address inside the IPv6 address and these days it's usually randomised anyway for privacy purposes, so the MAC part of an IPv6 packet doesn't have to be the size of the MAC address.

L3 has nothing to do with MAC addresses anyway so I've always found that a pretty weird decision anyway. Sure, it avoids having to implement ARP but we need that again now anyway with the randomisation. And ARP is like a one-time in a few minutes kinda thing anyway.

I'm pretty sure that if we'd just gone for "a couple bytes extra" we'd have long been completely over. It's the whole L3 transition itself that suffers from the complexity. I remember it well in the 2000s, nobody in telecoms wanted to touch it. And when IPv6 was invented in '93 or so, the installed base was extremely small. It'd have been a piece of cake to get it over with then.