Perhaps in addition to "level" of technology we should discuss how closely it should mimic the real world. What I mean is that technology is not just about function (what it can achieve and how easily) but also about form (how it does so).

For example, a compass that points to the magnetic south (or north) can be functionally the same as a miniature clockwork figurine that whistles when oriented to face the point in horizon where the sun last rose. Both of them are just means for figuring out directions. The former is a mundane invention familiar to us from the real world, whereas the latter is an exotic piece of weird technology that only exists in the realm of fiction. Similarly, a horse-drawn carriage and a cabin borne on the back of a six-legged reptilian beast are functionally equal as long as they allow passengers to be transported at equal speeds for equal cost & effort and equally reliably.