Maybe, the Q is meaningless, it can mean whatever people want.
The problem is the appropriation of people's political interests for their own ends.
Pride developed initially as a way to highlight the political interests of same sex attracted people. So stuff they had in common, like not being outside the law by having a same sex relationship. This could pretty validly be considered something that was of interest to anyone who had sex with people of the same sex.
Interestingly many gay rights organizations help off on advocating for same sex marriage because there wasn't enough political unity in the LGB community about it. So they could not claim to represent LGB people without a relativly united stance.
A big part of the political advocacy for the LGB community was about saying that they were just the same as other people - not an "identity" but a group with certain political interests in common. And more of all not inherently more likely to be into kink or promiscuity etc.
The problem now is that you have organizations like SW claiming to represent the political interests of the community, to the point they say people who disagree with their policies are homophobic, transphobic, etc. But the community does not all agree, in fact lots of them disagree. SW is claiming their voices.
Pride, similarly, claims to be about the this community, and that if you don't accept the values and ideas Pride includes, it is because you are homophobic. Clearly that isn't true. Lots of people do not feel it represents them and think it suggests people who aren't straight are somehow more likely to be kinky, have fetishes, etc.
If they wanted a Queer parade they can have one, but they no longer would be able to claim homophobia if someone doesn't want to, say, give a city grant to their parade, or thinks their activities are inappropriate for a public space.
It's about claiming power and voices that don't want to be claimed for an agenda they disagree with.