I pointed out that there is no need for a seeming disadvantage to be offset by some redeeming advantage.
You could come up with any number of possible reasons if you were looking for a "reason," although it could simply be a side-effect of some other mutation (such as the layout of the pelvis, intestines and abdominal muscles being more efficient for hunting/etc. without the "extra" parts.)
Here is another important inversion that you seem not to have considered, though: do you think that when externalisation first happened, testicles were as sensitive to pain as they are now?
I know there are exceptions to this rule, like maybe the appendix or the little finger in our feet, but these are exceptions, not the rule.
So I have pointed out the disadvantage of having the testicles placed in an exposed part of the body; I ask, what is the advantage?