The profile names have been updated several times to better match what developers learned over the years. Since the X1 was Bambu’s very first printer, some of the original names and settings weren’t ideal simply because the team didn’t yet have the experience they have today.
Strength is mainly influenced by the infill pattern and infill percentage, with layer height also playing an important role. Over time, they’ve moved away from treating wall thickness as the only indicator of strength. That is why the main change when switching from H2D “standard” to H2D “balance strenght” is an increase in infill.
Of course, the number of walls is important, no question about it, however, there are now more balanced approaches.
It also helps to keep the terminology in mind: X1C uses “strength,” while H2D uses “balanced strength”.
Because of this, the profiles aren’t directly comparable. It’s more that, based on everything we know now, the X1C profile is simply outdated - but Bambu keeps it available because many users are familiar with it and still like using it.
So this isn’t a bug.
It’s a deliberate effort to update the profile names so they better reflect today’s understanding and real-world behavior of 3D printer. And remember, this represents nearly three to four years of slicer development, including all the improvements made along the way.
Of course, I can understand the frustration. 
I’s just that over the years, both the names have been updated and Bambu has gained more knowledge on the subject. The classic, uncompromising strength profile is no longer available in the H2D, but you can easily create your own: Take the standard balanced strength profile, apply six walls, and save it. 