NB: this isn't an "answer", rather some rationalising about why it is - which I hope people searching for answers will find useful / interesting.
I used to think this was to just done to improve image compression.
However it dawned on me that ClearType would be disabled for another important reason: it's dependent on the specific LCD screen. If a viewer has a different order of the Red Green and Blue sub-pixels than the presenter, then they might see horrible visual artefacts.
But then, wouldn't it be better if Web Ex could degrade from ClearType to standard Anti-aliasing and not dropping to horrible "jagged" text?
Note that webex has this option:
[Meeting > Options ... > Content sharing]
(o) Better imaging (no image compression)
If that's really no image compression, then using Anti Aliased fonts would not make any difference. However I wonder if they've just tried to dumb-down the language for users, and what that really means is that they do some quick lossless compression (like run-length encoding).
Still, I would have thought if you pick this option, you'd at least want smooth fonts - surely that falls under the "Better imaging".
But good luck getting feedback or info from Cisco about why this is so. Perhaps someone with a paid support contract could file an enhancement request, to benefit the rest of us. :-)
So I guess the workaround by RaGE seems to be the only option. (Albeit annoying when you just want a quick WebEx.) Most modern LCDs do use the same layout, so if no-one complains about the quality then there's probably no problem.