Think about it this way. The real value is in the quality of the cattle - registered or not. Poor or average quality cattle do not get a premium for being registered. IF the quality of the cattle is high, then being registered MAY bring a premium IF you have a reputation AND a market established. That won't be the case for someone starting out in the cattle business.
So, my answer is no. Same as everyone else.
Here is my take on the registered business. There are many places that are very successful in registered seedstock. May sell bulls for $8 to 10k. They usually have good cattle, been in business for years, have a pretty large herd, a pretty good reputation, spend lots on promotion and marketing, and most everybody in the area has heard of them, and worked hard to get there and work hard to stay there. They did not sell $10k bulls in their early years.
There are some that impersonate seedstock producers. Got money from somewhere, put some cows together from somewhere, build some fancy barns with nice driveways and lawns, spend more on promotion than on cattle and soon have a big production sale with a hollywood atmosphere and pretend to sell a lot of very expensive cattle. They flame out in a few years and reinvent themselves another day.
A small seedstock wanna be can produce bulls similar in quality after a while, but may be able to sell those bulls for $3 to 4k. Cause he don't have the reputation, numbers, and marketing plan. Is there $4 to 5k difference in the worth of the bulls from the big guy and the little guy? Probably not, just in the selling price. There are many more people that want, hope, think they are seedstock producers than there are real seedstock producers. Sounds confusing, but I think it is sort of the way I have described. Almost like an exclusive club with unwritten and unknown entry rules. Some people get it figured out and make it work. Lots put an effort in and give up after a while or continue with registered stock and try to break even on the extra effort and expense required.
Edit to add: Examples I gave are real world. But there are lots of situations in between as well. Main point is that big success with registered seedstock is more than just a decision. The bigger the operation (in numbers), then more likely to attract more customers to build the reputation.