Then that just means that we are likely underestimating R0--possibly by a huge amount. Okay, I agree with you.
Infections aren't LESS than the diagnosed cases and positive test results. So, all the calculations from data about the estimates of R0 are all a lower bound, not an upper one.
As such, our estimates of R0 are likely painting a much rosier picture than reality. Probably not the point you were trying to make.
If we somehow magically started accounting for those cases the R0 would immediately go up (more cases per unit time means increased R0) unless the number of those cases is zero.
Thus, the R0 estimates we have are currently all underestimates. Covid is likely more contagious than we are calculating, not less.
Now, this doesn't matter to the people who recover, of course. And it effectively is correct in that people who simply recover aren't a big problem and so the R0 is roughly "correct" in the aggregate.
However, that incorrect R0 DOES matter when you start talking about vulnerable populations and how far you need to go to protect them.