A great discussion!!! However...
I used to be a professional photographer and there are many similarities between these two universes.
Amateur photographers (those who enjoy the trade w/o getting paid on a consistent basis) would come up and ask me what camera I was using, what lens I was using, what flash I had in my bag. Generally, I'd use a fixed lens and amateurs would ask me about the zoom lenses I had or the pixel count. I used flashes outdoors (which struck some as odd), I'd have a bag of batteries rather than a bag of lenses, I didn't have the latest model camera body.
Professionals (those who supported themselves with the trade) would ask where I was when I took photos, what it felt like. When talking gear, professionals usually only asked what kind of tripod I preferred (if I captured something on a monopod or a tripod, etc.). Professionals knew that the magic happened in the eyepiece, not in the equipment, and that a 50mm lens could create masterpieces in the right hands.
I liken the same to bass "playing". I don't think everyone is a bass "player". Perhaps there are different roles in the bass community: collectors, spenders, traders, amateurs, and professionals (likely even crossovers or ones I've not considered or mentioned). Many people enjoy collecting bass stuff - and that's good! Collectors may not play something as much as an amateur or professional, but owning it is part of the magic. (I imagine the cars in Jay Leno's garage, the ones with less than 1000 miles on them). Spenders turn things around fast, finding the newest and best iteration as necessary to their setup. Both of these roles are great for amateurs and professionals! Collectors with big bucks help keep the industry solvent and provide reason for manufacturers to create really exciting things. Spenders reward innovation! And amateurs and professionals reap the benefits by seeing botique pickups at a reasonable price and knockoffs that allow for 75-90% of the benefit of the real thing.
But beyond a certain point, the sound comes from the player, not the equipment. Give a $100 bass to a professional, let her/him rock it, and others will want that $100 bass. I have a friend who brags about his 8x10 cab all day long, explaining how heavy each magnet (in ounces) and how it'll shake the panties off of his next prey. But in reality, he doesn't play the bass that much, in fact he picks up my bass plugged into a 1x12 and has very little to say as he enjoys it. He is a collector. And being a collector makes him happy. He has something to talk about with his bass buddies, can use the first 5 frets, and waxes poetic about how deep he can sink his B string into this or that.
He and I are different. I practice an hour a day. I practice reading charts, tabs, notes, classical, country, hymns, contemporary, ear playing, boring riffs, hand strength and stamina exercises, finger twisters, reducing buzz, cleaning up my technique, and enjoy drinking 5 beers with a buddy and working over his ABG with round-wounds on his porch while he plays guitar and makes up lyrics. Its the doing, the playing, the mastry of a difficult skill that drives me.
However --> I'm happy that there are spenders, collectors, and players in the bass community. Without all of these roles, we wouldn't have a 1x12 that'll fill a 300 person theater. We would't know about the minute benefits and drawbacks of bolt-on vs neck-thru. I wouldn't have heard about cobalt flats or nickel half-rounds. Or how dead spots move around and can be shifted by a bit of weight on the neck. It takes spenders to sift through the hundreds of bass strings available. It takes collectors willing to look at a wall of +$5000 instruments. It takes amateurs who want to learn. It takes professionals who make me dream.
I will always only own one bass. If I can't do it on that bass, likely it isn't the bass that's the problem. I like the work, the effort, the mastry. But as Newton noted: "If I have seen further, it is by standing on the shoulders of giants." The professionals, amateurs, collectors and spenders have gotten us this far, and we need all of us to keep it going.
Kevin
P.S. to answer the OP - I've not downgraded in search of "better" or "more," I've adapted my playing style to find the sound I need.