Yes, of course Live Oaks are shallow rooted to begin with (as are most Oak Species). The root ball extends outward to compensate for this. But you are correct to advise that TOO much watering over a period of time...encourages the roots to grow toward the surface where the water is more abundant. Tree loss due to storm damage (in the OP's area) is a rare occurrence. Limb damage....yes, the tree actually uprooting..not common at all. This is owing to the soil they grow in, it is both a blessing and an curse.
Anywhere around Austin (to include Round Rock, Georgetown, Pflugerville and Westward) you have soil with a lot of Limestone in it. Anything from various size rocks to formations as big as a house. It is heavy..compacted soil and doesn't pull up easily. The OP looks to live in a fairly recent subdivision, so I would expect the soil there was mightily disturbed during construction and isn't great soil to begin with.
You go East of the OP (Hutto, Taylor, Coupland, Elgin, etc) and the soil is fantastic (traditional farmland out there). But not most places in Round Rock and certainly not Westward toward the Lakes.
Then look at what we try to do with our Lawns and Trees in the quest for that 'perfect' landscape. Oak Trees (in the wild) have and benefit from a ring of Leaf Litter around their base and out toward the drip line. This is GOOD for the Oak for a number of reasons. But this clashes with the wishes of the homeowner who wants thick, green grass growing right up to the trunk. It can be done (and is) but isn't the best thing for the tree.
Oaks are shallow rooted ...we know that. But it is important also to understand that the roots near the surface (first 6"-12") are the most 'active' roots the tree has. So the homeowner would do well to consider the needs of both the tree and anything planted underneath or near it.
If you want grass to grow under the tree...that is possible in the majority of situations, but you must have adequate soil (without smothering the tree roots), appropriate grass for your region and perform careful watering/fertilizing maintenance.
All true but I have dug 4'' live oaks that have roots as deep as 5 feet along with shallow feeder roots from just a few inches deep to several feet. The farther west you go the smaller scrub oaks are most prevalent. They tend to grow more slowly dew to soil and rainfall and temperature.
I transplanted some live oaks at my cozens ranch in Brenham around 2005 and at the same time I transplanted 40 live oaks along the perimeter of my property about 100 miles east of his ranch and my oaks are 10 times the size his is.Just that 100 miles makes a big difference in how they grow.
I loved that job, it fit me like a glove.
I have planted trees in some interesting places, If I had the time I could tell you stories of all my tree planting adventures. I was featured on the Eyes of Texas planting trees at a museum once.