I have several relic'd guitars. I sent my Gibson R9 to Historic Makeovers, who did a fantastic job - the most incredible Nitro repaint, natural finish checking, rolled binding and scattered, tasteful wear spots. I love the look of a well worn (not abused) Les Paul or Strat. But it would take me several lifetimes of playing as I do to have this happen naturally. So I took a shortcut. For me, it's not asinine.
Things like the Frankenstrat that replicate every nuance of someone else's career on a guitar are another matter altogether. But, if you're an obsessed fan...