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You know, King Crimson was a jam band (of sorts) and most of their fans felt their best period was the early 70's when they were way the hell "out there". Yet the band went through period later on when they seemed bent on being as intricately tight as possible. I feel that their best album was "Discipline" which was a tour-de-force of delicate, tense, and precise musicianship which became richer with each listening.
Phish caught a lot of crap in 2010 for not taking chances, but that year saw some of the tightest playing by the band and some real virtuoso from Trey on a nightly basis. There were lots of 1,2,and 3 minute segments in many shows of that year that were absolutely breathtaking. They were simply brief.
This past year (and 2012) saw a progressive return to a looser, more experimental approach and we all generally loved it, but it was at the notable expense of precision on many occasions.
Beauty is in the eye of the listener as you correctly point out, we just have to have ears to hear it.
BTW, Trey is a huge King Crimson/Adrian Belew fan. Just saying.