Probably. I used to work in broadcast, so I have been conditioned to seek out the highest quality video I can find. So like you, I will accept buffering for higher quality playback.
However I still see people who force 4:3 into 16:9 because it fills the screen, and people who still have motion smoothing on their TV so everything looks like 60fps until the stream breaks.
however on mobile, and I just want to see the shitty politician say the shitty thing.
I think most people want decent audio with mostly moving pictures. Most people can't see HD at TV distances anyway, so I suspect so long as it sounds good, most people don't notice too much.