All very true points. PPF does matter, however spectrum and overall PPFD over the area matters a lot too. Any light hitting a grow tent wall loses a significant amount of light, so while a fixture could be 3.5 PPF (woah) if it pointed it mostly at the sides, then, your plants in the middle are going to be a little sad.... this is why lenses and fixture design matters and also the PPFD. It also matters the meter that took the PPFD readings, and also the grow tent environment.
I would encourage you to look up the migro channel: he is one of the most dedicated light testers I know
Note that the QB board is rated very high (2.1-2.3 umol, I cant remember) but since so much light goes "horizontally" to the sides of the grow tent, when measured at the surface of the grow tent, it is less than 1.9 umol because the light is so scattered and hits the grow tent.
Additionally, when growing indoors, we are leaving out colors from the sun, and the proportion/ratio of colors significantly changes how plants grow. Plant's don't just indiscriminately soak up photons -- each color changes taste, potency, size, shape, ability to penetrate canopy, contribution to photosynthesis, contribution to other biological processes in the plant. So while efficiency is great and all, it also matters how your plants are growing under the light. Want fast growth? slow growth? high THC? High Yield? There's a spectrum for that and there isn't a perfect one.
And at the end of the day whatever gets us into the garden growing and the lights that encourage us to do that and zip open that tent ... we all win!