For a team with a tight internal budget like ours, yes, absolutely. Dollar paid matters more than cap hit and has for the last 10 years, don't know how you've missed the memo this whole time.
You are talking about judging a player based on dollar paid, which makes no sense since we are comparing him to other players around the league based on their respective cap hits.
This internal budget thing is slowly being removed from the argument as we start signing players long term, and it has already started with White, Chabot, Batherson and Tkachuk. The money is being spent, the core is being kept together so far, so your argument is eventually going to hold zero water.