I may be out of line here- but I don't really see it as a contest as such.
I quite enjoy a few nerfs because it increases the value of the items, and can even build in new gameplay mechanics.
(by example; my current setup reduces sapling drop, and significantly nerfed the growth rate. Result? A forest is now a very valuable resource, and deforestation is a real mechanic. When you first settle somewhere the tree line recedes faster than my dad's hair. You can potentially run out of a 'renewable' resource.)