You put it beautifully. When I first started writing fiction I thought the bleeding was finding the typos without a trained editor jumping right on the piece! Ha!

My first effort sits on ff net unread, as a reminder to me of how little I knew and how much I have learned--it has no typos, no grammar errors, no vocabulary horrors, but it is not good fiction! I'm never gonna delete, because it sits there as a cautionary tale to what fiction looks before one has suffered to create it and/or learned the tool of the trade.