> MS Word in the web (via onedrive)

You are comparing apples to oranges. The onedrive version is the free, 
crippleware version. The paid version that companies use does include the 
functionality to save as with the older binary formats. [1]

Until recently, my company had a group policy to save as in these MSO binary 
formats. LibreOffice had then and continues to have much better compatibility 
with these binary formats than the newer OOXML versions.

[1] 
https://support.office.com/en-us/article/use-compatibility-mode-to-work-with-different-versions-of-powerpoint-bc87ca23-4208-4d58-9c01-3a38a84c16e0
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