I don't think there was ever any motivation to make such small MV lamp.
The 50W were already a challenge - very high temperature to keep the arc voltage high enough with just a short electrode gap in order to maintain somewhat reasonable arc loading, not enough power to maintain that temperature already at the 50W (needed vacuum outer, special heat reflective coating on arctube end seals,...), so rather high cost offering barely any efficacy benefit. You may be able to get something from skipping the starting probe, so allowing to make the seal assembly smaller and dissipating less heat, but then you would need some HV ignitor.
With lower power that would become way worse, so much that a simpler long life incandescent would perform nearly the same (efficacy, lifetime), with the way better light quality as a benefit, all at fraction of the cost.
The HPS was at least seriously considered because of the efficacy benefit, still did not make it till high volume production.
MH made it because the efficacy and light quality (thanks to the CMH), allowing them to compete with halogens for the high end display spotlight market where the high purchase price was offset by the lower energy consumption (because it uses to run 16+ hours/day) and way lower heat generation (giving more flexibility to the display arrangement).
Well, someone considers MH as an evolution of MV (it uses similar buffer gas, evaporated mercury, just with some additives), so by that metrics these small MHs are in fact those "small MV's"...