[donio]

Yes, gradually building your own config is a much better approach on the long run. Start lean, learn the basics and add one thing at a time as you learn. Always have complete mastery of your .emacs and understand every line: why it is there, what exactly it does. Never blindly copy random stuff wholesale without understanding it.

[sping]

I have to say I don't particularly see the wisdom of this (common) view.

It's acceptable to people to use the standard Elisp, and Emacs itself, without digesting that code, but somehow using a canned config is bad. I find the choice of where to draw the dividing line somewhat arbitrary.