Nope. In fact, I tend to think just the opposite.
2 of my absolute favorites are a Monster Smash/r and Roto Grip Sonic X pearl - both mid range balls.
If you have to have the latest hook in a box technology to impress people, you only look at the premium balls.
If you want more bang for the buck, with a more versatile, less condition specific piece of equipment, look further down the line. the mid range and "entry level" stuff won't be as exciting on the shelf, but I think it performs better on the lane.
One of the very best bowlers I know averaged 240 last season. He threw a power groove and my old black hammer from 1983. Anything more is just too much for him - his hand and style do the work - he doesn't need technology.
I have several premium balls - they are extremely condition specific, and except for my Black Cherry Bomb, don't even have any place in the main bag any more. They might go along for tournaments, but otherwise, they stay home.
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Bowlers are like puppies. The only difference is that someday the puppy will quit whining.
-- Found at Sam's Town Pro Shop