This is an important question, and I know you know the answer.
But it will also illicit many opinions, controversial, and benign, because there are so many filtration contraptions available, and we often see many questions about what is best.
But all filters do basically the same thing. Cheap ones, expensive ones etc etc
The bio part detoxifys ammonia and nitrite.
Mechanical filtration,pulls out aesthetically dis-pleasing stuff to the eye. Is this part needed? Maybe for most aquarists it is, but maybe not for the fish.
As long as filters control ammonia and nitrite, that's their most important real job.
Does tons of media make a filter better? Maybe, (but not really) the biological media will only contain a population that ebbs and falls with the tanks stocking levels.
If the aquarist over stocks, more media may be needed.
If the aquarist under stocks, there won't be more bacteria than the food the fish produce, so excess may be redundant.
If the tank doesn't have ammonia or nitrite spikes, the amount of media is adequate.
And...that media is just a space for bacteria to live on , it doesn't matter if its some expensive commercial doodads, or if its lava rock from a garden center,
It doesn't matter if its ceramic rings, or old used toothbrushes.
The most important part of 1st two types of filtration for me is cleaning out the crud.
If the filter is not cleaned, it fills with crud that changes from toxic ammonia and nitrite, to less toxic nitrate (notice the "less toxic" part).
The only reasonable way to get rid of nitrate, is with water changes.
You can have the largest, best rated filter in the world, but if its not regularly cleaned, and regular frequent water changes aren't done.....its a piece of junk, and slowly deteriorates the tanks water quality.
It may keep the water clear, but clear isn't always good or even important.
Unless the invisible toxins aren't removed, clarity ain't nothin.
One other thing, flow, and turnover does not equal filtration.
Some fish that come from swamps, and backwaters like bettas, and other fish that use atmospheric oxygen, may be fine with 2 turn overs per hour and be perfectly healthy.
Some rheophillic species like Tomocichla, or African Tigerfish, might need more than 10 Xs per hour just to maintain.

Above is my filter.
The bio-media is in about 6" on the left end.
There is a pad of Porette foam, for mechanical, that covers the @ 20 x 20 end of the 125 gal filter (sump/refugium) .