To answer your question RJM, The issue with Bonding Coat is that it sucks up moisture like a sponge and when it does, it starts to break down into a gritty mush and eventually becomes like a soggy playdoe. Not good anywhere in the home and especially in a bathroom or wet room. So in these rooms we would never use it or approve its use.
No the other side of the coin --
If you were using a 'proper tanking membrane' that was a genuine waterproof barrier and if you a 'bonding coat' within the structure of the wall surface, you might take a chance if you ' had ' to use it as longer as it could never come in contact with water or absorb water / water vapour from the surrounding air / materials etc.
That said, if you use a cementous board as part of the tanking barrier then you could mount this directly to either a scratch coat in a conventional build or directly to a stud wall in place of wall boards or plaster boards so both the bonding coat and the finish plaster finish becomes obsolete and this saves you time and money and eliminates the one major issue associated with BC.
There are other methods of tanking and each has it place in the tilers armoury.
The question of bonding coat, [BC] taking the moisture out of the adhesive is partically true, but to be honest if your still using dispersion adhesives in a bathroom [ie premixed tubbed] then you are in the minority and most pro tilers have switched completely to cement based powders and hence these are infinately more suitable for wet / high moisture areas.
Attached an image to demonstrate what I mean.
Hope this helps

The grey board is a cementous tanking /construction board and the blue is a tanking sheet / cotton with PVC