Trying to create a shorter index than the book naturally suggests is a pain. It requires extra thought and decision-making, and can be time-consuming because decisions taken for one part of the index can turn out to have unexpected consequences in another part, and so need to be re-considered. It makes indexers tear out their hair. It also short-changes your reader, because you will make it harder for them to find what they're looking for – indeed, they may miss it altogether.
Of course, sometimes space constraints dictate that an index needs to be shorter than one would ideally like. This may mean indexing to broader categories (for example, having an entry for 'animals' but not for individual types of animal such as 'dogs', 'cats' and 'horses'), or leaving our some categories altogether.