I'm only writing this because Devil's advocate and all, but what if you're actually capable of all those things?

Plenty of us here can conceive, design, architect, build, ship and own things from soup to nuts, and feel a lot more invested in the result as a consequence.

If the compensation is good, and it feels less shackled and less bureaucratic, is that necessarily a bad thing?

The kinds of people who really can do all three always have options. It means you end up with a lot of turnover in these types of teams.