Nor would horse buggy riders describe their mode of transport as "lousy" or "inferior", because that's what they were used to, and the only thing they knew, before the advent of automobiles.
Sorry, but a screen with only 163 ppi is
decidedly inferior when compared to the best-in-class displays in 2013.
That said, if you're happy with such a screen, more power to you.
I just find the iPad mini way overpriced at $330, and the only way they can justify that price, to my mind, is by upgrading the iPad mini with a Retina screen, while keeping the price the same.