Absolutely! I doubt that if we don't get accepted it'll be because we didn't tweak our application enough. At the same time, it doesn't hurt, and on occasion I do find things that really could be done better. (As it turns out, I added a good deal to one question that I'd breezed over the first time.)
Yeah, I was just musing that us engineers love to focus on things which don't really matter. It's an interesting phenomenon, and I do it all the time too. I wonder if the solution is as simple as continually asking ourselves, "Am I spending my time on one of the most critical aspects of the project?" Anyway, I didn't mean anything by it. :)