RE: Am I just full of c@#% or not!
I look at it this way. Shooting a bow at 20 yards is like shooting a rifle at 100 yards. We all like to have those 2" groups or less at these ranges (open sights).
How well would you shoot a rifle at 100 yards with out the rear sight?
To me a peep is just like the rear sight on a rifle. Three points of aim (target, front and rear sight) are much better than just two or one. Change something about your form, just as with a rifle, just a little bit with one of these missing and you will change your point of impact.