Sometimes? Sure. All the time? You'd likely to hurt yourself pretty badly doing that, eventually (and maybe sooner than you'd realize). Nutrition-wise, I think, people starting to understand that. Information-wise, not so much.
I think there are many options between pink slime and Michelin three stars. I have never been in Michelin restaurant, and I don't eat in pink slime ones, but I never felt I am lacking options for food service. The middle road is extremely wide, you don't have to go to the sides.
The couple I've been to were pretty rich; I don't think you'd actually want to go there every day. Example: a dish at Chez Panisse which had an inordinate amount of duck fat. Delicious, but...
