The English schools tend to put more emphasis on the martial part of the art and has substantially fewer triangles, engravings and peculiarly specific targets in the texts. Poncy boasts like being able to stab any button are to be treated with mild scorn. So, with a brawler's charter, I'm prone to agree with this as a matter of principle. Good fencing is when the pointy bit goes in the other person and you leave untouched.
One of the problems with really good fencing is that, although you can fight with grace, you should be doing it without really letting people know what's going on. You'll take the shortest possible line into your opponent and if you can see what's going on you can see the elegance in it's simplicity. Note that simplicity can be unaesthetic, there's no frills and you don't get to gasp in admiration as some kind of stage-play happens. It can be simply going from guard to stab to recovery before anyone realises what's going on.
There's a trick to telling the difference between ugly-bad fencing and ugly-good and it's all about the lines. Somehow ugly-good shows this ability to always be in just the right place to miss getting hit. You don't quite know how because the wild cuts are still wild, the parries are much wider than needs be and it's more like an explosion in a sword factory than the noble art of fencing.
Sure, if you can be graceful and stay intact, this should be encouraged.. but stay intact first, otherwise you're not going to develop the chance to become graceful.