The following is a fantastic excerpt from Daniel Doriani’s Putting the Truth to Work: The Theory and Practice of Biblical Application.
The submissive interpreter bows to the God who reveals himself in Scripture and accepts, in principle, whatever it says. If the Bible upsets a cherished conviction, we say, “I stand corrected,” not “I wonder.” Facing a difficult teaching, we may suspect that it has been misconstrued or otherwise hesitate. But if we confirm that it means what it seems to mean, then we bow–not to the text, but to the God who gave it. So conservatives claim the highest willingness to submit to Scripture.
The difficulty with this view [as presented above] is that confessing, “I submit to Scripture,” is one thing, while actually submitting is another. Further, this . . . view can be perverted by illogical thinking:
Some recent events in the “world of Christianity” have provoked some thoughts in my mind. I will get to those thoughts in a moment, but first allow me to give some background.
There are many Christians who tend to believe that theology isn’t that important because, they will say, application and right living is all that really matters. But is this really the case? Is theology unimportant? Should theology take a back seat to application or is theology application’s back seat driver? Is right living and application the only thing that really matters?