It would definitely be very hard to do any meaningful research from this position, but I know enough to be useful (er, or dangerous) and can read papers and code to keep up with recent advancements, and try things out like different convolution designs, layer designs, gates, functions, feedback, etc.
(On the topic of reading: Karpathy[1] and Colah[2]'s posts have a wealth of introductory conceptual information and images in them, and helped our team discussions a lot while we've learned.
The math and proofs. The algorithms. The software tools/frameworks Building NNs with those tools.
All of those have different levels of conceptualization and utility.
As some extreme examples: Anyone can build an iPhone image classifier drag and drop today. That’s one level. Developing an alternate to backprop is another level.
No.. learning how to prove it will serve you well in the future. All deep learning is is figuring out different ways to combine all of this prior art inside of a computation graph.
Step N is linear regression, SVD etc... step N+1 is deep learning.