Agreed. I'm not personally suggesting skipping labs, but rather stating a belief that the equipment lists might be pared down a bit and still support student learning and a successful exam score. Speaking with students who've aced the exam, or gaining a preview/overview of the labs may be two ways to help winnow the list.

I also agree that many institutions that do give credit for AP exams may grant those credits as an "elective" rather than for the specific course, such as Biology.