That would explain why liquor wagon is missing.
However, in my personal humble opinion, I think that it's possible. The cylindrical shape is more resistant to punctures and pressure. So it could be used as an advantage and a new option for adding such item to the game.
Like, when the said wagon is destroyed a small explosion is triggered, additionally setting aflame a small area near the explosion. However, that would qualify as an additional feature.
Secondly, it does not have to be AS sturdy as armored cargo wagon, for example, giving only 50% bonus to its HP pool,
full bonus to resistances, EXCEPT acid,
minimal weight increase (no more than 40% of normal liquor wagon).
Introducing only one armored liquor wagon without further upgrades. Additionally making armored liquor wagon require advanced materials like:
normal liquor wagon x1,
Low-density structure and/or
plastic and/or
steel
It would be much sturdier than one made out of conventional materials. And when applying IRL physics it would make it slightly lighter.
Of course, exposing to the enemy valuable materials like Oil is foolish to begin with. But when it needs to be done it has to be.
I will respect Your decision, I got the answer I was looking for. You aim for realism, I, however, could see a use for slightly armored liquor wagon in my playthrough. As all my Oil fields are Very far away from my base. Making, as You have proposed, guarding the whole track, an unfeasible task.
Adding to the discussion, bitters/spitters don't use bullets/projectiles other than acid spits. So there is no incentive to add for example kevlar plating, unless there are other survivors which crash landed with You (pvp)