I agree. For some people, seemingly a small minority, porosity in the true sense does explain some things and helps them transform their hair care - like if they genuinely have low porosity (again in the true sense, not explained by any other factors you mention) or if their hair is high porosity and just keeps losing moisture really quickly.
But for the rest of us, it's just one aspect of our hair and may or may not need to be considered when evaluating or tweaking our routine. It's helpful to know roughly, I think, but it's absolutely not the key to hair health for most of us. I like Science-y Hair Blog's take on it, giving it the same kind of consideration as all other aspects of hair character and hair care, but not blowing it out of proportion - and the points you make especially about older ends and more textured hair agree with her, IIRC.
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