Exactly opposite.

The lighter weight, name-brand frame, higher-end groupset, whatever, might not make even a measurable difference in performance for most riders over most rides---but to the rider, the difference is Extremely meaningful.

My next build will have Ultegra. On an entire groupset I save, I think, 200 grams over 105. Less than eight ounces. Does that make a difference? Don't make me laugh. Not a performance difference, but a Huge satisfaction difference. A very, very meaningful difference.

The fact that I would probably cover the same route at the same rate on a GMC Denali----That makes no meaningful difference (Call it Denali denial.) I want Ultegra---Even if I get laughed at for spending the money for performance capabilities I am incapable of using.

To me it is meaningful.

Of course, SRAM Red is lighter and would make me Much faster---because it is red.

That's how you can tell I am not a "serious" rider---none of my bikes are red.