Agree with the main view of the OP.
FYI, there’s an old TED talk that’s good on the psychology of this issue:
https://www.ted.com/talks/barry_schwartz_the_paradox_of_choice
"In Schwartz’s estimation, choice has made us not freer but more paralyzed, not happier but more dissatisfied."
Having acquired a bunch of different kinds of gear, here’s how I view the situation for myself:
There is a "sensible quest for better" that is not equal to the "maximizer quest for best." As one improves in a hobby, a better instrument makes possible greater appreciation. No one who gets into cycling should be on an old, heavy 10-speed. The question becomes when to stop upgrading. Here, the "satisficing" metric is helpful. It’s good to be able to say "enough" and then enjoy the fruits borne by the tool.
There is another reason for continuing to buy gear that is *not* indicative of being a "maximizer." Rather, it is about being what we might call "a true audiophile" -- a lover of *sound.* Consider: a guitarist may have multiple guitars, an audiophile may have multiple amps -- because they like different sounds. This is not a vertical chase for "the best," but a horizontal exploration of sonic territory. To the novice, they seem like "maximizers" because they have more than enough gear to produce music. To the hobbyist, they have a range of options to achieve different sonic results. The food lover goes to different kinds of restaurants (Italian, Chinese, Thai, etc.), the wine lover drinks a range of wine, etc.

