Price to performance is a bit debatable.
Yes, you can absolutely get that much storage for that price. Though what your application needs in terms of memory/cores varies quite a bit on the application. We've seen customers that were spending $800 a month on RDS, migrate and get 2-3x performance boost for the same dollar spend.
Don't disagree at all that if you're at a lower volume of data that RDS is a great option for what you get. Depending on your application needs though as you scale and need more data in cache or more cores doing work, though this all depends on your workload. You can have 3 TB of cold storage and that work fine for your application and cost you under $1k a month on Aurora, or you could have needs with 100 GB of data that you need all queries served from cache in milliseconds. It's very unlikely you'll get that for $260 a month on RDS even at as little of 100 GB of data. It just depends on your application workload, for as long as you can you should just keep scaling up because it's much easier.
We very much focus on when you start to encounter that ceiling where scaling up starts to become prohibitive and performance is key not just storage–which can be as early as 100 GB, and is increasingly common the further you get beyond that.