iCrash,
I'm not recommending doing that for the bind. In fact binding is the *ONLY* time you should power on the receiver first.
To Calibrate your ESC's however, the TX must be powered and at the max value when the ESC is boots up (first set of beeps). The ESC senses the throttle is nowhere near a "0", remembers the value then beeps to let you know it's ready for you to move the throttle down. If you pull the stick down, it remembers both points, and records the min and max pulsewidths to equate to min and max stick travel. If you leave the stick up, it will switch over to programming mode and that's another ball of wax.
What you are speaking of is the "fail safe" which is "what should I do if I loose contact" (common, but not all receivers have this). For most receivers it saves the stick position sent when binding, but for the transmitters I've played with, you enter binding mode by powering on the transmitter while pressing the bind button -- that means the RX should already be powered and setup to bind.
Safe or not (personally, I agree) there are some who would prefer a low throttle setting to slow the model's descent (or act as an airbreak). It may seem like the OEMs left a dangerous bug in the setup, but some folks actually *want* this.