Pretty much.
One of the facets of cyberpunk and steampunk literature is that the characters are equipped in a functional way, not simply in a decorated way. If anything, excessive ornamentation is a hindrance.
I’m not terribly impressed with many of the steampunk costumers that I’ve met. Gluing some gears on a rub-and-buff-painted squirt gun or painting a set of goggles gold and putting them on a top-hat doesn’t do it for me…