I get what you mean, but I have to disagree a bit. The slice of the multiverse we’re looking at is special because we’re looking at it. It only makes it irrelevant if the slices are treated as fully replaceable.

Take for example Invincible. The comics & series focus on a young superhero who could have become incredibly evil, but didn’t. The multiverse is used to highlight this: it shows alternative versions of him that did become evil, and it even says that most alternative versions did so. This makes the version of him we focus on that much more special, and allows for interesting character progression through being confronted with his fears.

But it only works because of the restraint of the writers, never showing us another good version of Invincible, only focusing on evil alternatives.