These things aren't perfect measures, but I find them useful.
By reading every post you'll certainly find the "diamond in the rough", posts that don't get the recognition they deserve. But you'll also have to trudge through loads of posts of little merit. Given that there is an infinite amount of information on the internet, those 2 minutes can probably be better spent on wikipedia or reading the top post in a different HN thread.
Additionally: HN isn't just about opinion, it is also for a large part about fact. And insightful facts almost always rise to the top. On the bottom of threads you often find things that are wrong or subtly wrong.
Judging by the numbers may very well be the most efficient and reliable way to get to insightful content.
Maybe making the default text color slightly more grayish and the "a bit better than orange dot" have #000 text, and for the exceptionally upvoted posts also make the "pg 26 minutes ago | link | parent | flag" header bold.