An argument need not be formal if it is precise and specific and clear. Those are the properties that formalism attempts to bring to arguments. The traditional forms are fine and good, and even better because they're generally understood, but they're not strictly necessary.
If you can be precise, specific, and clear, in a way that isn't traditionally formal, that's just fine.
Suppose someone was striving to be precise, specific and clear, but didn't have any good ideas for moving in that direction. Would you suggest "try to formalize it" as an idea-generator?
We are interested in developing practical techniques of rationality. One practical technique, used widely and successfully in science and technology is formalization, transforming a less-formal argument into a more-formal one. Despite its successes, formalization isn't trivial to learn, and schools rarely try to teach general techniques of thinking and deciding. Instead, schools generally only teach domain-specific reasoning. We end up with graduates who can apply formalization skillfully inside of specific domains (e.g. electrical engineering or biology), but fail to apply, or misapply, their skills to other domains (e.g. politics or religion).
A side excursion, to be used as an example:
If you were fitting this argument into your beliefs, you might produce a number, a "gut" estimate of how likely this informal argument is wrong. Can we improve on that using the technique of formalization? What would a formalization of this argument look like? One possible starting point might be to rename everything. We're confident (via philosophy of logic) that renaming won't increase or decrease the quality of the argument. We will reason better about the correctness of the form if we hide the subjects of the argument.
Note: there are many choices in this renaming process. It's not a trivial, thought-free operation at all. Someone else might get a completely different "underlying structure" from the same starting point. This particular structure suggests an equation, something like:
The equation allows you to estimate the probability of the whole argument being wrong, using two "gut" estimates instead of one. This is probably an improved, lower-variance estimate.
The point is: