Sure, I can see your point, it just bugs me sometimes to see folks laboring with heavy loads and sometimes I think its because the term "fully loaded" actually encourages overpacking.
I understand your point and generally agree. That is why I prefer "self supported" to "fully loaded".
My bike comes in at 25lbs with lights, racks etc and my bags and gear hover between 18 and 20lbs. Then I add 1 to 2lbs of food and 2L of water. When I roll out of the door I try to keep the total weight of everything (bike, bags, gear, food, water) below 50lbs. I don't actually consider this ultralight as I carry a single walled tent and not a tarp, a sleeping pad and not bubble wrap, and my bike could be lighter, I'd say its lightweight....., but now I'm being even more semantic about weight categories which I agree are rather arbitrary. I just want people to be aware that it's possible to be comfortable on an unsupported tour without 4 panniers of stuff. Here is some inspiration.
http://milly.org/rambouillet/
I carry a bit more and use panniers, but I consider your setup elegant. Unless in the flatlands would definitely find your setup more comfortable than the kitchen sink approach. To me taking 50 pounds of gear would be a trip killer and lugging all of that over the mountains would have me looking for a post office to send stuff home.