I have advised, consulted for, or worked full time at 20+ companies, interviewed at too many to think about counting, and conducted technical interviews at 10+.
Without exception the companies that weighted academic algorithm skills over practical architecture skill and implementation experience had some of the most confident and brazen mistakes in security or scalability and some of the poorest work-life balance.
This is easy to say, but it is harder to convince others without showing us your data. Even a small table with anonymized company names and a few columns assessing their security foibles and work life balance would go a long way.
I understand most people will say "this is too much work". The problem is that it is all too easy for someone to say "in my experience, X is correlated with Y" ... but that isn't very believable if the observer didn't even write things down.
I don't like asking for everything to be quantified, but it does seem in this case you probably have the data in your head and just need a nudge to write it down.
Not that I can recall, though I admit I am very biased against academic CS theory dominant interviews in general for a number of reasons and it is possible this somewhat tints my memory.
Without exception the companies that weighted academic algorithm skills over practical architecture skill and implementation experience had some of the most confident and brazen mistakes in security or scalability and some of the poorest work-life balance.