Ironically, I think electronics theory has been most useful to me when servicing older cameras which have very simple circuits consisting of resistors, photocells and galvanometers! For instance, some older circuits were designed for 1.35 volt mercury batteries, but I may wish to power them with something more modern, or I may need to replace a photocell which has unknown parameters.
Interesting (to me, anyway) side note: The other year, I acquired a Ricoh Auto Half, which was originally equipped with a selenium photovoltaic cell, but that part had failed. Have you ever tried to find a datasheet for a selenium cell? I eventually found something from Tandy / Radio Shack, but was that part comparable to the original Ricoh part in terms of spectral sensitivity, output, etc? I didn't have a clue. But very roughly speaking, it appeared to me that when comparing a modern crystalline silicon photovoltaic cell with a legacy selenium cell having similar dimensions, output voltages were similar, but with the modern cell delivering a whopping 10x as much amperage. Which suggested that I could get away with using a silicon cell which was just a fraction of the size of the old selenium cell. And what do you know, it worked. I don't have a calibration-standard light source to refer to (and wouldn't have a clue what Ricoh originally used), but my color negative film seemed properly exposed, and that was good enough for me. And unless physically damaged, crystalline silicon PV cells last a very long time.
But applying electronics theory when servicing more modern electronic cameras? Not so much: The operating parameters have already been decided, so my job is reduced to looking for components prone to failing over time, which usually means capacitors and cracked plastics.
Although there can be enjoyment in learning electronics for it's own sake, I seem to learn better if I have practical applications for my knowledge. Sometimes I just want to take photos, and I'm learning to appreciate film cameras which are easy to maintain.