From what I have read, seen, experienced with off road vehicles you need shocks for some fairly important reasons..
As mentioned earlier if the vehicle is "jumped" (sand buggies are typically into this).. you need compression resistance to keep from bottoming out the suspension. I have seldom seen rock crawlers and serious terrain off roaders doing much of this...
A more important and overlooked reason for some fairly strong shock rebound control the limit the speed at which the suspension can rebound..
I have witnessed serveral times where a vehicle hits a not very big boulder on one side.. all the impact and compression energy is stored in the impacted wheel spring and if the spring is allowed to rebound at a high rate, it can literally throw an already high CG vehicle onto its side.. What was surprising was to see the vehicle body not react all that much during the compression phase of the impact, but once the spring started rebounding, it put enough roll momentum onto the body to carry the whole vehicle over on its side.. Obviously having NO roll resistance (bars) on these vehicles so as to not interfere at the maximum suspension articulation point, makes this more likely to happen.
Lastly every time we've broke drive train parts (typically drive shaft u-joints, crushed an axle spring perch mount one time) in an early Bronco, it was when the vehicle body started bouncing cyclicly as the tires gripped and let go while trying to get up a steep boulder.. Even dual shocks never seemed to stop this much, but can't imagine what it would be like without any.