Is Honesty Overrated?

Lee Periman touches upon the question:

Since Nietzsche, the choice of which version of ourselves we identify with has been widely understood as a choice between lying and truth-telling — to ourselves as much as to others. The moral ideal has become authenticity — a particular kind of honesty. Of course, just about any philosophical ideal is grounded in some sort of honesty: the search for Truth requires truth. Yet Aristotle describes honesty as a virtue only of self-presentation — the balance between self-deprecation and boastfulness. And Plato never lists honesty as a virtue at all, and even distinguishes between “true lies” and useful or noble lies. From the modern to the post-modern era, honesty and authenticity shifted to become much of the telos of life, where before they had been but means in our progress toward that end.