Displacement bake without multires modifier [Bring this option back? - like it was in 2.79b(?)]

It was possible use Displacement bake without multires modifier in older version 2.79b(?). At the moment 2.8 and 2.9 and 3.0 need multires modifier for displacement baking.

At the moment only way to bake from other object (with different topology) need shrink wrap and it isn't very intuitive/user friendly workflow imo and I think it does impact in resolution/details also compared to older 2.79b (and older versions) - workflow.