OTOH, the actual engineers see through all the external signaling, which I've also discovered :) :P Or rather, the external signaling can work in the opposite direction with engineers.
At any rate, the big take away is it's ultimately about signaling one way or another, and knowledge about social signaling is probably most valuable for career advancement. Which can make a person cynical about the whole thing if one don't take such insight with moderation.
I think it's important to disambiguate the two. People often believe themselves to be the former, when they have frequently fallen into the trap of the latter. Adopting counter-cultural signaling is not the same as being above signaling, but it's an easy thing to confuse.
Especially when confusing the two is a sop to the ego.
We waste an absurd amount of time fretting over image collectively for one reason: to satisfy each others need to judge things by their covers --IOW, to satisfy each others need to make flawed judgements.
It's wise for one person to care about their image, but not for a whole group of people to gatekeep the way we do based on aesthetics. The relevance of a suit and tie is self perpetuating, something like "I got hazed when I joined this fraternity, so the new recruits should get hazed, too."
It also signals consideration for other human beings, not expecting them to jump through a bunch of expertise evaluating hoops, but instead allowing them to rely a commonly agreed upon and decently useful signal. Consideration for others is yet one more important thing to signal.
You can apply the same logic to an obese person as chronically under-dressed/fashion-averse one: They ought to be considerate enough to show their attention to detail through managing their health better and careful calorie intake.
I stand by my point that it's a shortcoming of our culture that we give those signals (i.e. "t-shirts aren't very professional!") any weight at all.
I won't claim an inverse trend but I've worked with enough relatively-useless and very well dressed people that it's basically noise.
OTOH, if I want to get by based on actual technical merits instead of outward attractiveness, then best to optimize technical and communication skills. Physical appearance comes and goes, but the latter have more staying power.