Some people (myself included) just wanted the badge and the confidence (misplaced or not) that goes with it.
I totally understand that, I also feel the same, we don’t listen with our Ears, we listen with our brain and the brain is influenced by a lot of different things when perceiving a sound. A mic that gives us confidence will sound better for our brain that’s for sure.
It gives confidence also to the Clients, but I’ve found that it’s changing now, if a client trusts you a lot as an engineer you can put a no brand mic and tell them it’s great and they will trust your choice.
Latelly I had a recording session with Piano and Electric guitar, the client really wanted me to Engineer because he loved my previous work, so he paid an higher fee to take me to the studio as an outside Engineer.
I used on his guitar a cheap TBone lollipop ribbon mic and a Sen MD409, they wanted a Darker Piano sound, so I used 2x cheap TBone Ribbons (the bigger model) and put also a pair of U67 just in case.
In the end he loved the sound and asked links to order the 3x cheap ribbon mics I used…
I think the fact that he trusted me made him accept the cheap mics and listen the end result without prejudice.
But the same doesn’t happen with all clients and some of them have expectations of being impressed with the badges