I think it's important to understand what you do in photography, if there's a practical application for it.
For example, I am just starting to understand print developers, thanks to a few gentlemen that are very generous with their knowledge. This is knowledge that really helps, because the developer can be tweaked to act different ways for different resulting prints. In the case of lenses and apertures - there's very little that can be done to alter any of the optics... Reading Jason's response upstairs made my entire head a circle of confusion...
Optics can be interesting, though, and some people actually do tweak or even build their own lenses with stray lens components and get some wonderful results. There's a guy here on APUG, Mark Sawyer, who does this, and he's posted a few images in the gallery here. They're quite interesting. Jim Galli is another guy who just yesterday or the day before posted something made with a modified projection lens on a view camera, and they were fantastic!
So it's up to you what you want to learn I guess. Just be careful, I don't want to discourage anybody seeking knowledge, but you might be spending time on something that you may not have use for.
- Thomas