Fair enough, but firstly there's a difference between electronics and transducers here (IMHO), and secondly I would say a lot has happend since the 1950s/60s/70s when "hifi" really started to take off. With today's technologies I'd approach it as there is a point where the measurements are "good enough" and then the focus can be on other things like subjective SQ, haptics, design (yes, I said it!) etc.Peter Walker's design goal for the Quad electrostatic loudspeaker was the lowest distortion possible, that's the D in SINAD.
That was back in the 1950's.
It has always been meaningful.
My most recent "big" hifi investements are an Eversolo DMP-A8 streamer and a pair of Sennheiser HD800s headphones. Of course I wanted good sound from both, but I was honestly far more concerned about daily usability (app and touchscreen) for the streamer and fit/comfort for the headphones.