They probably also noticed that anyone interested in applying and has a realistic chance of admission (based on other factors) has an 800 on that subject test anyway, so it is not a useful differentiator in their applicant pools.
The Math Level II Subject Test covers honors precalculus
It covers a wide range of material, but not the most advanced material in each topic
Partly because the test does not cover exactly the same material as your precalculus class in school, it is a good idea to self study for the exam of study with a tutor.
Given the preponderance of 800 scores, it is likely that many takers of this subject test did no additional preparation beyond completing the precalculus course at their high schools. Obviously, this does depend on the quality of the precalculus (and lower math courses) at the high school, but it is not like the content of this subject test is so far beyond high school precalculus that students need to assume that they need additional preparation beyond completing the course.