My problem with the team event is that you have the same athletes doing exactly the same thing, just for the second time, with the benefit that in the team event the field is much more limited and therefore less demanding, as fewer skaters compete, in many cases the main competitors are missing, and you need to excel in just one programme instead of two (like you could get an individual OGM just for SP or just for FS). That's why I do not think it equal to the individual OGM in any objective terms.
I do not really think you can make any fair comparison to classic team sports as this is still an individual sport, and individual performances are basically identical as for the individual event. They are not required to do anything else, and they are not doing anything together as a team, like you need to, for example, for any relay, just their individual placements are combined. Again, placements and not scores, in a field made smaller by the team event requirements thus obtaining a good placement is much easier than in the full field. In many a case the score needed to win a particular team segment and get a perfect 10 would not even put you in top 5 or maybe even top 10 in the full field, or in the individual competition next day. That's why, like it or not, many fans perceive it more like a fun competition - Japan Open type of event, just a fun warm up before the real party starts, with team medals perceived accordingly. And they will continue to do so unless some serious change is introduced to make it really different and not just an easier way to get an Olympic medal if you come from a big fed.
IMHO, if they wanted to award some kind of national consistency in exceling across different FS disciplines, combining scores or even placements from the best ranking skaters of one nation in the individual event would be much fairer as here you need to compete against the full field at all their might. Otherwise, like it or not, many people will always perceive it as not "real" enough.
And, yes, if you spend a whole competition at the bench as an extra, you may still get the medal if your team wins, and you can show it to your grandkids and cherish it on a personal level, but it does not make you perceived as a great of the sport anyway, nor does it make your individual ranking in the sport any higher if you have nothing more to show for it.