Over the years my backpacking “fun” quotient has tracked somewhat like a bell curve. Low fun levels in the beginning when I brought everything and my pack was too heavy, and low fun levels again when I was in the throes of ultralight and my pack was too light.
In the beginning my heavy pack weight caused the typical list of bodily aches and pains from hauling it around but the actual camping part was great. When the pack grew too light the on-trail part was great but the camping part became uncomfortable – again for the typical list of reasons (pad too thin for a good sleep, bag too minimal for cold nights, etc).
I agree with the posters above that you need to go through the process in order to find a spot on the fun quotient bell curve that maximizes your personal combination of camp comfort and pack weight.