Personally, my expectations are well in check but it still makes me happier than if the indices were all pointing in the opposite direction, which as we all know happens all too frequently.
I wouldn't say its equivalent to being in the bullseye 5 days out. If you are in the bullseye 5 days out, you KNOW that you are doomed and that the storm will end up passing 200 miles to your northwest.
With good index forecasts, you can reasonably conclude that you have a smaller than average chance of a patented December SER setting up shop. Certainly not a zero chance, but smaller than average.
On the other hand, when reality verifies bad after promising forecasts, I sometimes find it even more frustrating than when you can see the fail coming from a mile away. For example, last February stung extra bad after the promising MJO forecasts.