We just went over this this week in my classes. There are pros and cons to heel down vs heel up. Power is not driven by the heel, there is no circumstance in any other sport when you are trying to push forward and are taught to use the heal to drive the power forward. Think about it, if you decide to push something really heavy in a forward direction do you dig in with the ball of the foot and lift the heel, or do you dig the heel in? the answer is ball of the foot. So why lock the back leg? Control. Stances aren't supposed to be static, they are snapshots of dynamic movements. They are often practiced static for exercise and to learn to feel the movements, and more often than not, tradition. So now imagine the case when you would step deep, lower your body and punch with the lead arm; if it lands its gonna do a lot of damage, but if your timing is off or your opponent sees it coming it is the perfect setup for your opponent to off balance you, trip you and mess you up. But what if you lock the back leg for a split second at the point of impact? It creates a structure that is difficult to pull or push off balance.
You don't have to take my word for it. Here are 2 simple experiment you can do to prove the concept:
experiment 1) If you have a full wavemaster bag, push it across the floor. a full size wm bag filled with water is about 230-250lbs so it takes some force. Try it once digging in with the ball of the foot and once trying to drive with the heel. One is definitely stronger than the other and easier to move the bag with.
experiment 2) grab a partner of comparable size to you and have them stand one step away from you but just off to the side. Step into a lead arm punch so the punch will end right in front of them so they can grab it and continue to pull you forward and continue the momentum of the punch. Do this twice; the first time keep your back leg bent and heel up. The second time put the heel down and lock the back leg right as they grab your punch and pull.
I can pretty much guarantee that you will have an easier time pushing in exp1 with the ball of the foot and not the heel, and will be harder to off balance in exp2 with the heel down.
TL,DR; heel up pushing with ball of the foot gives you power, heel down leg locked gives you structure but cuts the power short.