Not to say that's incorrect, but I would be curious to hear why you believe that's the most important subset to go after. Personally, I see foundations as critical for the field that you're going to be an expert in, but if you're picking up ancillary fields, I believe the question is more open (of course you shouldn't be totally ignorant of foundations, but...).
As an example of another subset you could take—which I think is fairly common and perhaps well-justified—meta-knowledge. That seems to be what you're complaining about with folks who are probably of a more philosophical bent who claim to be Bayesians, but don't know MCMC sampling (again, this is knowledge of a particular implementation of Bayesian ideas)—they focus instead on something more like a philosophy of probabilistic thinking, and so what's important to them is the relation of Bayesian probability to frequentist probability. They have no interest in performing calculations in either (doing so could help their goal of course, but it is not their end goal).
So if you have to pick a subset (of knowledge of some field), should it be more about how the field relates to other fields, or should it be more about the foundations of the field? IMO it should probably be taken on a case-by-case basis, but perhaps more often than not it's knowledge about how fields relate to one another that ends up being more useful in your ancillary picks (that totally depends on what you're doing with the knowledge though).