Will of the Ancients was an AP counterpart to Death's Dance. The way Dance allows you to heal off all physical, Will healed off all magic. But, AD is supposed to be the long term DPS, sustaining off of hits is more suited to an AD playstyle and either neglible or oppressive on an AP with no in between. Will doesn't really belong but Dance does. You could argue that Gunblade now fills that niche but that'd be a dumb thing to say.
Similarly, AD isn't meant to have the best initial damage. Sure, some champions like Talon or Zed specialize in AD burst but their damage values are often smaller than an AP counterpart like LeBlanc because they have stronger follow up damage from auto attacks. AP champions can't rely on auto attacks to finish off disabled or weak targets, so giving them a larger attack stat coincides with having them focus on high initial damage. As such, Sword of the Occult doesn't belong but Mejai's does.
If you want to say remove Mejai's because there's no Sword of the Occult... the same logic applies to removing Dance because Will isn't around anymore. But AD and AP don't need to have perfect mirrors on what their items offer them, the game is kind of better for it.