To each their own, I guess. I think that any template that's more than 4-5 lines (not including closing tags) is generally a mess and can benefit from being split into more components. AKA the single responsibility principle.

Structuring a program with a large number of small components is very awkward when templates and code are in separate files.

As far as that 1000 foot view, a nice tree view of React components is vastly superior to a wall of text cluttered up by meaningless implementation details like "div".