This is my view too. I just think back about 3 yrs ago to a trip to Europe. Skied a week in Lech/St Anton. Really good snow conditions in Lech. One day was amazing snow at Lech. The terrain is not all gnar gnar in Lech but knee deep powder puts lots of smiles on your face, even if it is just a 3k vert of blue. Then head over to St Anton where they, despite just being a 15 minute bus ride away did not get much snow, and even though gnar gnar terrain was to be had, crappy snow conditions did not make for lots of smiles. So, I'll take great snow conditions, which by my definition of great snow conditions is a powder day over great terrain. Just my 3 cents. (inflation, so 2 cents isn't worth what it used to be.)
This is the crux of it for me. I'd much rather ski a mellow blue or glade in a foot of powder than a gnarly steep with rock-spattered crust. Great conditions win every time. Great terrain just makes it better.