Nice to be able to put a name to this phenomenon.
From my own observations, I suspect this is less a bonding ritual and more a competitive one. The responding party establishes common ground but usually tries to outdo the initiator-- "I have the same thing, but mine's worse."
And it amounts to this: "I've been somewhere you haven't been, ( over some domain in which we both have a reputational interest), and therefore I am the default authority in this domain. Since I've been there and you haven't this authority can't be challenged."
The "go there ism' version is the same model applied prescriptively, " I'm capable of going to, and withstanding the strain of, a place of such extraordinary suffering/bravery/ compassion/violence, that you cannot go without my help/'teaching'/strength etc."
Trying to challenge the validity of either of these positions inevitably leads to accusations of trying to attack the person personally, which then goes to somewhere between "I'm tired of having this conversation" and a gunshot, depending on who you're dealing with.
It's how people who actively disavow social hierarchies establish social hierarchies.