Yeah, to me resources are a real thing that might lead to preferences–including in fact in the form of better need or merit offers. But I do think this is a detailed question, like I would not assume just because a college was higher ranked it would have more of the resources that actually might matter to me. But I see nothing wrong with preferring a college that has more such resources, in whatever form matters to you.
But then when the costs are different, you have to balance the resource benefits against the costs of accessing those benefits. I definitely do not think this sort of comparison always favors the higher-resource college, but nor does it always favor the lower-cost college. It is always ultimately an individual and personal decision.