Where your downstream parsers match on `Nothing` and assume the stream hasn't been consumed in order to try an alternative parser or provide a default.

If you change an equation to use `option` instead you have a completely different parser with different semantics.

I was thinking of a case where I use your function in a combinator that depends on the Functor and Monoid instances provided by the `Maybe` type. If you change your function to return only the `a` and it doesn't provide those instances then you've changed the contract and have broken my code. And I suspect it should be easy to prove the equations are not equivalent.