You are mistaken about depression not having observable effect on the body. I wrote a post about that; it's a direct sibling to your original post.
Your point is a bit conflicted. Like this person pointed out, it seems that you're saying that it's serious and not that serious at the same time.
However, I think that the observation you wanted to convey wasn't about the comparative seriousness of depression, but rather that it's in some sense in a different realm than for example AIDS or shingles, even if the realm of some of its effects are similar (which you argued against, but you're wrong). And, I sympathize with that. Depression does seem to be made of a different cloth, but it's quite hard to elaborate further, and I won't get into it here.
> I'm not trying to trivialize depression.
And then:
> at worst seriously misleading and distracting to people who have serious issues to deal with.
Implying that it isn't a serious issue.