I think that's a pretty good analogy for many of the watches. I came to reps admiring a 25k Lange, the rep I got wasn't in the same game let alone the same league - but it was the closest thing to that watch.
And lots of members are into both reps and gens. If anything, over time, I think people that are serious in the hobby aspect tend to gravitate back towards gens - the scene gives people a value in watches they didn't previously have. I certainly value good watches more highly than I used to as a result of reps, and am more inclined to buy a good gen than previously, odd as it may sound.