The Yamaha has reasonably good build quality. It is certainly not stellar, and as for comparing to some of the seriously over engineered masterpieces of days gone by, it doesn't even come close.
That being said, it is a good effort I guess, for the times we live in and the limited market it is servicing.
There's caps lying on their sides, glued and zip tied down to pcbs (poor reliability), a small transformer hanging upside down supported only by its solder terminals (a recipe for failure), heaps of cheap multiway pcb plug/socket connections, it's full of ribbon cable to the front panel connections and associated edge connectors and the power output, heatsinking and output stage are far from impressive. Remember this thing costs $7k! It's worth about $2k tops if you ask me.
Build quality is not subjective, it's measurable.
As for analogue meters, it comes from the laboratory test equipment pedigree where high fidelity was born- in the lab. The 'Lab' look gave the gear a bespoke, test instrument, scientific, performance oriented purpose and that trickled down until practically any amp over 40w/ch sadly had meters strapped all over them.
I love meters, my test bench in my lab has gear all over it with analogue and digital displays. In amplifiers, I don't really care, but I have plenty with huge meters. I often switch them off, but mostly they are on. Do they influence sound quality? Not directly, but they are informative at times, offer a visual indication, and they are a core part of the enduring ethos that is high fidelity equipment. Like it or not, meters are cool, just like wood on the dash board of a real sports car, solid gold watches, handmade oak furniture, diamonds; they all exude quality and are an indication (generally) of build quality or at least effort to distinguish the product from a sea of blandness.
Poor build quality translates directly to poor performance. Excellent build quality translates more often to a greater likelihood of excellent performance.