Well sure, in Ashkandor's case but that insight comes a little late once you've already been destroyed by it.
And then, of course, the other changes like HoL or just heavily stacked armor and such are a bit more subtle but still make a huge difference in the outcome of a fight.
Another benefit would (in theory) be a decrease in some of the more ridiculous claims of imbalance. Demigod X isn't overpowered. You can clearly see that it's Demigod X equipped with 3 artifacts that's handing you your ass.