This sounds plausible. I think that in general for content that you record yourself, where you would record whatever is interesting, e.g. the more unusual things, especially outdoors, it is more likely for all the parts of the color space to be important.
My point was that for the content most frequently watched on a monitor, like commercial movies, it is much more likely that the main effect of using the obsolete sRGB color space is to see a lot of objects whose color is in the orange/red/purple area and which appear to have washed-out colors.
In almost any commercial movie, if I switch at almost any point between a Rec. 709 copy on an sRGB monitor and a Rec. 2020 copy on a Display P3 monitor I immediately notice some reddish objects that have become more vivid, looking like in real life, while on sRGB they look abnormally dull.
Until a dozen of years ago, I had used for many years sRGB monitors and I was content with them, but immediately after I used for the first time a Display P3 monitor I could no longer enjoy sRGB photographs or movies, because now their limitations had become obvious.