I have doubts whether the efficiency gains are that useful in every day life. There will some days where I make some pretty widespread refactoring changes over files or the yanking/register stuff can be quite useful, but in general, every day programming, I don't see the efficiency gains.
I have another theory for why people like Vim so much.
Using vim makes you feel like the old-school, crazy powerful, very smart programmers shown in Hollywood. It makes you realize the dream that the little child had when he saw programmers on TV. ( at least for me ) and honestly, its more fun to be doing that so I do it. :)
Maybe I am not that good at vim. But at my level, i don't see great efficiency gains. I simply see more fun gains, and that's good enough for me.
I think you just said it. Its not interesting/nor a priority for you to optimize things to that level. Those using vim properly and trying to move away from the mouse consider it better for efficiency and ergonomics (debatable).
Its not that you fail to understand. Its more so that you don't care that much.