In a sense, you might be right, but I think it's still better that they show the total memory you use. People are trying to see if they have enough memory to run all their apps full speed. Yes, your OS might be allocating more memory to notedeck to run it faster, but that's the performance that most people are trying to measure for.
Personally I would not like it if the OS said I had plenty of free memory left, when in reality, some of my apps would run much faster if I had more.
Notedeck takes 2GBs to run smoothly without reading notes off the hard drive every time. I'd rather know that than to see it slow down without explanation.
The end of this discussion leads to acknowledging that memory isn't a binary "enough" or "not enough". Maybe the solution is for task managers to show levels of memory usage. Like having 3 numbers for each app, one for how much it needs (500MB), one for how much it's actually using (1.8GB), and one for how much it would benefit from having (potentially over the previous figure if you are memory limited).