The models do actually have a reason for no initiation, as all of them show a stout inversion just above the 850mb layer.
Although, all models show this inversion eroding away at around 7pm Monday.
More interestingly as to why models hesitate at showing initiation is the PBL wind fields, particularly the surface winds.
Both global and cam models show slightly different but consequently substantial differences in surface wind vectors.
On one side, you have models showing the surface wind vector moving parallel to the LLJ, which creates directional shear, which is not favorable for tornadoes. What this also does is weaken surface convergence along the dryline, alongside denying any chances of confluence banding potential in the OWS.

On the other side, you have models showing surface wind vectors oriented more perpendicular to the LLJ, which is significantly more favorable for tornadoes and of course induces surface convergence and increases the chances of potential confluence banding in the OWS.
Which is why the WRF models and the NAM have convective initiation along the dryline, and even model confluence banding which also initiation convection in the OWS.

Obviously however, in the bigger picture (synopticly speaking) there’s no reason why convection initiation shouldn’t happen.
Particularly regarding height falls, all models show strong forcing over the area of interest, (the moderate risk which the SPC highlighted) this forcing can be shown below.
The mid level cyclonic vorticity and corresponding geopotential height falls create a density/pressure difference in the horizontal (aka: forcing), which maximizes right over the area of interest.


This example below is a good representation of forcing, and matches perfectly with the graphics right above.
(Ignore the “jargon”) and focus on how the warm moist air advection uplifts the tropopause and the cold dry air on the backside of the Jet streak lowers it. This causes a misalignment in the gradient of pressure and gradient of density of a fluid (in this cause the fluid is the atmosphere) which induces quasi geostrophic accent.
In simple terms, this QG accent is the forcing and is a huge contributor to convective initiation in extra-tropical cyclones.

This is why the SPC is calling bull s*&t on the no convection scenario most models are showing, because it’s simply not a synoptically realistic scenario. Obviously this is just one factor and hopefully I explained this well enough so it’s actually helpful to you guys.