equery does not output the used flags of installed package when used in command pipe. equery outputs the 'U' flags but not the 'I' ones.
Created attachment 97216 [details, diff] equery patch to get used flags of installed package piped
Piping output is designed to be used via a script... in this case we want a simple "according to Portage, is this flag currently enabled, or not". The non piping output is used for a more general overview. What your patch proposes can be easily attained by using the -N, --no-pipe option to pass the default output into a pipe, you'll just probably need to disable color (-C), and have your script ignore lines that aren't use flag related. But it's almost the same, script-wise.