Structural engineering already has a safety-margin object, and it is a minimum, not a maximum.
ASCE/SEI 7-22 is titled Minimum Design Loads and Associated Criteria for Buildings and Other Structures. Table 1.3-1 sets target annual failure probabilities for loads that are not earthquake, tsunami, or extraordinary events. For an ordinary Risk Category II building, a failure that is not sudden and does not spread is allowed at 3.0 × 10^-5 per year (reliability index 3.0). Risk Category IV — hospitals, fire stations — is tighter: 5.0 × 10^-6, index 3.5. The steel spec used with those loads, AISC 360, still writes an ASD safety factor of 1.67 for yielding. Extra steel past the target is cost.
That is the unnamed competitor for "safety margin" as engineering. The title says just-enough is never enough, because you cannot parameterize the next shock. The code's method is to wait until you can. ASCE 7-22 added Chapter 32 for tornado loads after the 22 May 2011 Joplin tornado, for Risk Category III and IV buildings in the tornado-prone region — a named load, a decade later (Marc Levitan at NIST chaired the task committee; ASCE Civil Engineering Source, 14 February 2022). If flourishing is maximum feasible margin, you do not wait for the map. If flourishing is the code, waiting until the load is parameterized is the method. They pick different next tonnes of steel.