Winning is nice. I like to win. Winning can be an important validation of progress, especially if you are able to compare yourself against relatively consistent populations (i.e. Ohio results each year, perhaps).
But winning/losing is inherently an external result. It is far more important to me to feel that I am making improvement by my own standards. At Ohio, DH and I felt we danced the best we ever have --not just the best in competition, but ever. Were we the best dancers there? No. But there is a quiet peace and satisfaction in knowing that to dance better we need to learn more technique and challenge ourselves more. We did not, however, feel that we had failed to apply what we had learned or feel that we had choked or feel that we had danced so much better in practice than in competition. That is an awesome feeling.