Certainly you are not suggesting that the Smokey's DW is not up to par with Orlando's DW.
I'm a Super Pass holder at Dollywood and Splash Country.
I'm afraid to admit that the Smokey's can get a little pricey in the Summer and during the Fall when the Leaves Change. We only live about 2 hours away...so we usually drive down for the day and spend most of our time at either Dollywood or Splash Country...
We've really gotten our money's worth out of those Super Passes too...I've been to Splash Country 3 Times...DW and Kids have been 4...and I've been to Dollywood 1 Time...DW and Kids 3. All this for about $500...and DW's is a "Gold Pass" which covers parking fee and we get a discount on Food and Merchandise. So for "locals" the Smokey's can be a "value."
However I can see if I were to travel there and spend a week...I couldn't come close...I checked into renting a Cabin for just a weekend back in March...

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Also I know that if I had to eat out any significant amount I would go Ba-roke very quick. (Yes that was a jab...at someone.

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I'll be heading to Myrtle Beach in a few weeks...now while the Condo for 10 we are going to be in cost about what my Sept Disney Vacation for 4 will cost...but that's no food...no parks...just lodging and a Beach Front Balcony.
Going to WDW and having a Dining Plan...and having the option of paying for it up-front...I really don't think Disney can be beat for value.
I believe that "value" means quality for what you pay for...granted we have memories from our other trips...but we catch ourselves always comparing our experiences to a Disney vacation.