I think both are important.
Like, I'm not going to criticise Australia and the Netherlands for being delighted with their gold figures in Paris. They should be rightly proud.
Equally, I think we should be rightly proud of our overall performance, especially in terms of total medals.
Other countries can be proud of their first medal, or in some cases their first final. There's not a limit to happiness!
In related news, I'm pleased with the comments coming out of UK Sport, looking at both their own website and the Beeb story about the athletes coming back from the Games. I still hope that they (and the various sports) have the sensible tough discussions that all good governance should have but also that a "win at all costs" mentality is not necessarily conducive to healthy environments.