I think you guys are making perfect common sense! The "audiophile" who got me into the game has bought into all the snake oil this hobby affords. Spending $1200 on a pair of NOS Western Electric 300B tubes, $2k on ten feet of speaker wire...............on a modest income, I might add. He claimed these mods made his system radically different...........
As to the high end stuff, I haven't heard enough of it to make an educated guess, but I can tell you that what I have seen, the build quality of a Krell is way above the build quality of a Denon. Not much plastic goes into building a Krell, I would imagine. As a tradesperson, I appreciate things that are well built, be it homes, furniture, cars, or stereos.
I want my home to look nice, and my stereo is part of the decor, too! So, of course I want my HT to be all it can be sonically, but it needs to look nice, as well.
I guess my point is that if a Chevy Impala and a BMW 500 series both did the quarter mile in 15 seconds, I'd hop in the beamer every time. But, that's just me............