I think it will vary for person to person - but when I am looking at a new idea(i.e. principle component analysis) that is built on top of old ideas(PCA is based on Singular value decomposition) - familiarity with old ideas makes me more comfortable/confident in thinking that I'll be able to understand the new idea thoroughly and hopefully I'll also see the incoming pitfalls of the new idea. And I really enjoy the process of adding new concept/idea in an existing larger picture.
Sure makes sense. There are multiple layers to deep learning:
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.
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.
1 - https://karpathy.github.io/
2 - https://colah.github.io/)