Exactly. For instance, I believe there are about a half-dozen members of the Brown faculty who went to Pomona, as did the former Dean of Arts and Sciences at Yale, and the new dean of Wharton at UPenn. People who count know both schools well.
Yep, you can’t go wrong either way, but my smarter-than-me sister (who chose a small college over Ivies for her BA, then got her MA at an Ivy) might also add that you can always go to an Ivy for grad school, but you have to be an undergrad to experience a LAC.