In your hypothetical scenario the answer is yes, if there is no danger, the achievement of climbing without ropes is lessened.
The experience of free soloing is to small degree about cheating death, at least as much as watching a movie is about seeing moving colors and hearing sounds. What one really gets from free soloing (or risky rock climbing, which I have some experience with) is a unique clarity of mind, a change in ego, a confidence game, where you need to quash your own doubts about yourself to succeed. The consequences of falling are a necessary but insufficient condition for the resultant feeling of achievement. In my opinion, AH, and his ability to control his mind, is the closest living example we have to a Jedi.