I definitely think that in the linear power supply "world" this has more merit than in the switch mode power supply "world" as is typical of class d amps such as ICE and Hypex.
The problem is I have seen very little data on this.
Hypex as well as ICE devices may or may not share a power supply. Not only is the risk of possible channel to channel crosstalk increased, but perhaps other noise going from one amp to another is also more possible. I believe I have seen some data suggesting that due to the amplifier switching being rather RF like, it was possible for one Class D amp to affect another if placed too closely together.
However, again, I lack data so I am unable to make any sort of determination. :)
One other trait about monoblocks: You can make your speaker cables super short.
But honestly, I think overall the point that money is best saved and spent on other things has a lot of merit. I happen to have gotten a super sweet deal on my ICEpower modules, so spent way too little even as monoblocks. :)
Best,
E