Differences in Espresso Machines Steam Wands Why do some home espresso machines have a steam wand with a sleeve over it and a tiny hole in the side of the sleeve?

Why does a home espresso machine (even a 15 bar pressure one) often not produce the same silky micro frothing milk as a professional machine?
I was going to put this in a comment because I believe I am relying on conjecture a bit too much but I ran out of space.

Everything I have read online indicates the air holes are various ways to idiot-proof the steam wand and make it more consumer friendly.  On my old Delonghi EC 155, it had 2 air holes that were used to help incorporate air into the milk.  A common modification of this machine was to replace the entire steamwand with a wand from a higher end machine that lacked all the air holes / plastic contraptions.

A big hindrance to microfoam is the air holes mentioned, or simply, a poorly designed wand tip.  There are videos online of people producing high quality micro foam on the Delonghi EC 155 with a modified wand.