. . there's a lot of very deep ocean critters with tooth sets a lot like that. Apparently good for holding fish.
Adaptions like that aren't evolutionary flaws but they are evolutionary dead ends. Something happens to the particular kind of fish you go after (or they learn to swim deeper) and you're out of business.
The saber tooth tiger, for instance, was the most recent of several beasts (including a marsupial) to develop a pair of saber fangs. Highly successful for a time (note the number of saber tooth tiger fossils found), then things change and you're out of business.
Also it is suspected that the atmosphere was much higher in oxygen when giant reptiles and dinosaurs roamed the earth and sky. Pushing the size envelope was also highly successful but a dead end. The atmosphere changes and you're out of business.