Yes and no, it depends on the program. I definitely agree when you get to choose your students it's a lot easier. But as far as course content, maybe not chemistry or calculus, but for capital-intense programs like robotics definitely. At CMU, there was a class students could take where each group gets to use a $15k humanoid robot (Aldebaran Nao) for the semester. When you take a class on super computing there, you get terminal access to a super computing cluster for your homework assignments. That's just not something you get at every school.

Moreover, when it comes to teaching load, some schools you have a course load of 4-5 classes each semester, maybe more; whereas at other schools you only have to teach 0-2 classes. There's a big difference in the amount of face time you get with a professor who has 300 students versus 30. Also there are big differences on whether a school can attract enough grad students for TAs, whether there are research opportunities for undergraduates, whether there are campus jobs for undergraduates, etc.