I'm glad I learned theory, but it's too easy to rely on it and think you're "doing it right" because of the theory. When, in the end, it's about how it sounds.
Sight reading can be an art if done well, especially if done well enough that you can have an idea of the dynamics and flow of a piece mere seconds before you have to play th notes for the first time. I'm ok-ish but like most jazz/pop guys not too great on left hand reading (I play piano btw). But apart from prima vista stuff, and perhaps situations where you want someone else to play something you can't do yourself, notation is basically a compromise - you use it because you can't remember well enough or it's too hard or too slow to do by ear. Both of which are in the end ridiculous reasons if you consider what the point of your job is.
I mean, I use all these things, and they make me better at what I do. But sometimes I think, if I could start over, and had more talent in my ears, and spent more time just listening and playing...