It's not clear if/when style queries are going to happen, and there was an intent to make size queries shippable without style queries.
Given that, is container-type:style the best initial value? We can't implement a property without support for its initial value, so in order to ship separately we'd need to pick some other non-standard initial value. We can also not pretend to support container-type:style, since that breaks @supports etc.
Maybe we can make auto the initial value, and specify that behaves like style? We'd still pretend to support auto I suppose, but at least authors would be able to do @supports(container-type: style). Also we'd be able to note in the spec that auto can behave like none if style queries are not supported.