> I think it would be tough to find a suitable definition of "meaningful".
I do not believe it is tough to find a suitable practical definition of meaningful: If a piece of information has no effect on the output of the algorithm, regardless of its value, then it is not meaningful.
Examples of meaningful values would be any value in a list being sorted. Non-meaningful values would be any other bit than the lowest bit when determining if a number is even or odd.
I find it to be an incredibly trivial definition when considering algorithms.
> If "meaningful" is a non-trivial property, as difficult to determine as an algorithmic lower bound, then it's not terribly useful.
I find the case where the full input is not meaningful to be an outlier that does not at all affect how we normally deal with algorithms and bounds.
However, when the two do not match, one can start discussing what your input actually is. I would, for example, argue that an even/odd number checker only ever takes a single bit as input. It may consume more due to architectural limitations around bit accesses on modern architectures, but that is not part of the core algorithm.