The "All" just acknowledges to readers that you are writing from a perspective wider than just responding to one previous poster.
If I'm wrong, I'd welcome a correction.
I think you’re right — but it would be nice to have an All feature that does do someting like that. It’s tedious to build a little ping list by hand when you want to reply to several posters on a thread. I always botch the spellings and have to go back and correct at least once.