I guess this is a matter of semantics.
Yes, or more specifically a matter of scope. That's why I wrote two paragraphs with a different perspective and a different answer. You can consider each pyro initiator a component along with the ordnance load, or the whole installed pyro assembly together a component. It really matters only when you want to have a specific kind of engineering discussion to exclude the other paradigm.
As I said, I believe there's a system-level argument to be had based on how the separation sequence was designed to proceed. There are holes in that design (no pun intended) that would properly be system-level design questions. And as you note, there's a system-level design argument to be had at a broader scope that incorporates not only general hazards from the environment and the rest of the vehicle but also the specific hazards from the payload. If you want to launch on a Delta, you spend a
lot of time in the payload integration and integration testing phase.
You seem to be saying this is not true, is that right?
No, I'm not making the mass-budget argument, although I know that the Skylab launch did indeed have a pretty huge margin. The mission report says there were no guidance anomalies aside from a slightly longer S-II burn. But I'm not sure about the margin for the typical Apollo stack. My impression, talking to the ordnance engineers from Boeing, was that it was strictly for safety -- the abort for a manned mission. An
immediate abort wouldn't be a mission rule if it were just a performance issue.
The concerns I've always heard from Boeing are (1) the aft skirt heating -- which happened on Skylab 1 -- and (2) the various aerodynamic, structural dynamic, and J-2 interference issues from a partially-separated interstage. Ostensibly you'd have a few minutes of flight following an indication of S-II interstage separation failure to decide on the abort, but the gist of what I heard was that unless it separated cleanly, things could conceivably go
very bad
very quickly. Better to abort when you can command a clean S-II shutdown and not give the LES too much to do, instead of trying to separate from a possibly tumbling, possibly damaged and burning vehicle.