I think rather than inducing respect, it gives ego.
Each teacher conducts his/her classes as he/she sees fit. Some prefer more bowing, some less. How it affects each student is up to them. Some people benefit more from being reminded about respect than others. Perhaps your objections reflect as much on your own ego as that of your instructor. And he has worked hard for, and earned, the priviledge. Aikido is an art that has its roots in Japan. To try and practice without some influence of that culture is taking things out of context.