I've seen footage of hard mountain bike trails and class V kayak runs that I have done, and also seen non-first-person footage of the same drops, and it's pretty impressive how much the GoPro footage makes a 25 foot waterfall seem inconsequential relative to a 3rd person perspective (i.e. someone on the bank).
I wonder if having a stereoscopic camera could improve this situation. I pay no attention to VR or whatever so I don't know if this is the venue in which stereoscopic/3D movies would be viewed but it could be cool. Harder to share I suppose, and if your goal is to impress others on social media then it probably wouldn't work unless people start bringing those helmets to look at their phones while they poop.