Same line of thinking when we talked about a guy with a reputation for having a good arm vs a guy that actually has a good arm. While both guys may produce equal value with their arms, the guy with the actual good arm as measured by statcast would be the guy to invest in long term.
This is where, IMO, it just depends on how you interpret and use the data. Sure, all things being equal, of course I'd rather have the guy who actually has a good arm rather than the guy getting by simply on the reputation of having a good arm. But if teams are valuing the player's arm as though it is not good, yet base runners are still not running on him, then you may find value in the market there. Of course, in this specific example, if teams now know his arm isn't as good, that will change the way runners react, as we discussed before.
This specific example doesn't really play out, but it's an example of how the data can be used in two different directions depending on the market and what other teams are valuing. If you can find a gap where other teams seem to be missing something in the data, you can use it to your advantage in either direction.