Good question. The majority of pts w/ hypo in the field are due to diabetics taking insulin and then not eating, ie poor sugar control, or just ODing on the stuff. From my limited knowledge on the subject (im by no means an expert), the problem w/ giving epi or glucagon or both in that instance is that insulin acts to antagonize the effects of both drugs on the liver/kidney. Insulin will inhibit AC and activate PDE which will inhibit cAMP production and PKA activation etc... which is how both epi (via beta-2/G-alpha s) and glucagon act to stimulate glycogenolysis, gluconeogenesis, and lipolysis. Thus w/ high insulin levels, the effect of both drugs will be much less than oral glucose or D50 (best option). You can still give glucagon, esp w/ severe hypo or if you don't have D50 as BLS, but oral glucose should be more than enough most of the time.
The other problem w/ epi is the cardiovascular side effects in hypo pts, esp since you'd need higher systemic doses to have any effect on the liver. The SNS activation (incr HR via beta1 and localized vasoconstriction via alpha1) would increase glucose/fuel requirements in the heart and other tissues when there isnt enough to being with. (why physiologically its only released in short bursts and meant to be a fight or flight response only when physical activity is needed, even w/ hypo) That in addition to autonomic instability and the increased risk of MI, stroke and tissue ischemia in pts who usually aren't very healthy (w/ multiple medical conditions) to begin with.
Hope this answers why its not currently used in EMS.