But is it truly excellence? Surely the team exists exist to wow the public? The public don't see the excellence because they are probably the best part of a mile displaced. As someone else implied, in the pursuit and presentation of excellence this bit of the display involves relatively wide boring turns and flypasts. It reminds me of the Turkish All Star F5 display team who used to fly reasonably tight formations but ordinarily took up two or three English counties whilst doing so.
There comes a point where pursuit of excellence translates into stroking of egos.
PS. The only bit of relevant excellence I see in that video is the rock steady profile flown by the lead.