I agree with you that internal components are critical but I posit that the external components, such as cables are also important.
I recall a discussion in the 90s about speaker cables. The question was most speakers used cheap, thin wire internally to the drivers as well as fairly inexpensive components in the crossovers. So what was the point of buying expensive speaker cables?
That led me to rewire my fairly expensive speakers at the time. I rewired them with Monster Cable (the good stuff and boy did it solder easily- thick wire made up of hair sized strands) and used some small film caps as bypass caps on the electrolytics. It improved the sound some- but not as much as good speaker cables, as I recall. I don't understand how or why that is.
One question- and it is a valid one is what balanced cables do professional recording use on their microphones? Is it basic XLR cabling? That's what many on this forum say. Studios do not spring for high dollar cabling. On the other hand, what do some audiophile studios such as David Wilson, Reference Recordings or Chesky Records, etc use? I have some of those records and they sound really good.