Its not just a matter of semantics, its more a matter of opinion.

I merely expressed my opinion of what I would do with the stamps and the album. After all "Joe Stamps" did ask for opinions.
I don't consider my stamp reference books and catalogs part of my stamp collection. Albums yes (my albums), but I don't collect other people's albums (yet). But if I came across something unique, unless the album was an integral part of a particularly valuable collection and the stamps were unhinged, I would most likely break the album down.
If I had such an album in my possession, because I see no practical utility in the album nor any information it can provide, I would not keep it. If I were a collector of old books, I might keep it even if it had no practical use, if it had some monetary value or beauty. (The aesthetics issue is also an opinion.) Since, I'm not a book collector and because it has little beauty IMO and little monetary value as you admit, I would dispose of it (and have done so in the past

).
However, I do collect stamps. So, no matter how worthless the stamps are to you, I would most likely find it my duty to liberate the stamps from that decaying, abused album (after all, pages are chopped up already) before any more damage was done to them. And if it took several hours to cut up the pages and soak them, and dry the stamps, I would enjoy it knowing the stamps would be free from continual toning and decay. I could them give them to my children if I had no use for them. To me that's totally worth the time and effort.
Obviously "Joe Stamps" was originally intending to cut the stamps out and mount them. That seems a worthy goal to me (my opinion only).