Nothing could be further from the truth. If you use Xrender properly you can make very sophisticated drawing operations that are extremely efficient over the wire and that are GPU accelerated even when the process does not run on the local machine.
It is Gtk and Qt that for wahtever reason decided to ditch their Xrender backends.
> multiple round-trips
This is also a problem introduced by badly designed tool-kits like Gtk and Qt. It is trivial to design tool-kits in X11 that require no round-trips.
> It just seems completely pointless to even bother with something x11's network transparency
This is mostly true because desktop software on Linux is mostly written by highly incompetent developers that produced abominations like Gtk3+.