I was going to post the same thing as Bustin. If the barrel extension isn't true, and the barrel isn't true, with the threads cut correctly to the bore, you're on the margins as to accuracy potential. Very rarely do you see production barrels that even have a concentric bore, concentric threads, trued flanges in the extension, etc.
So I think I see where Ballista One is coming from. If you have a rack-grade barrel from Dirtier than Cheap, el bueno barrel extension that is on cock-eyed, an off-concentric bore, off-center threads, and a generally low-dollar job, don't expect miracles from lapping the receiver face. I agree 100%. You still should do it and lap the bolt lugs so they won't break.
For those of us that start with medium to high-end barrels, a trued receiver should be a starting point. If you dropped a mid-to-high-end barrel into a no-name, rack-grade upper, then truing the face is in your best interests.
As I have been truing the faces of several generic square forge code uppers in preparation of installing some Lilja Grendel barrels, none of them have been true. I checked an AA upper that I'm putting a Lilja barrel into, and it was dead-on, and anodized after being machined true. It also has a very tight barrel extension tunnel. For the amount of effort that goes into truing even a discount blem upper, the consumer might consider ordering the best they can buy for an accuracy nazi AR15.