You can get both if you're reasonable.
There seems to be, IMO, a sweet spot for quality and quantity. That price today is about $250-300 for a C&R gun or $400-600 for a new production gun.
I'm not a trigger nazi, and don't need my guns tuned to win National Championships either. I collect, shoot, and am comfortable with different platforms for practical and self defense needs.
To each their own, but I'm not the guy that spends double the price of the gun on modifications and upgrades. At most, I put night sights on a carry gun or home defense guns. Maybe some polishing of a trigger or something of that sort. There is a steep bell curve of diminishing returns after the $600 price range IMO. I do own guns priced at 2 or 3 times that, and the quality is there, but unnecessary.
At that ~$500 range in handguns, you can amass a sizeable collection in a few years.
Take a car analogy. For $50,000 you could have one really nice luxury car, or two more utilitarian vehicles (like a car and a pickup truck). I'm in the utilitarian camp myself.