DeletedGravy And if it's not a real cell tower?
That's what using 5G only helps mitigate, as it significantly hardens authentication to ensure that you don't send hardware identifiers to fake access points. And Airplane Mode can completely prevent this because there is no cellular protocols to exploit while enabled.
DeletedGravy Is it customary for real cell towers to capture this as routinely as this in a fixed location?
Yes, real cell towers routinely receive your IMEI and IMSI (not just in fixed locations, all cell towers log this). These are always logged by real cell towers when you're using cellular, so by enabling 5G only, you're only defending against fake access points. Sending these hardware identifiers to legitimate towers is an intended aspect of the protocol, and is not the focus of that alert. If you're concerned about real cell towers logging your IMEI and IMSI (and by extension tracking your location history), then Airplane Mode is the way to prevent that.