You got it. A-grade elite vs E- grade. e lite. In more real terms ..
: diminished or lacking in substance or seriousness lite news specifically : being an innocuous or unthreatening version —often used postpositively https://www.merriam-webster.com/dictionary/lite .
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”