It is well known that any quantum time-evolution of local, time-dependent Hamiltonians can be described using a poly-depth (in number of qubits) quantum circuit (DOI:10.1103/PhysRevLett.106.170501; DOI: 10.1126/science.273.5278.1073). Since poly-depth quantum circuits can be described with a polynomial number of variables, doesn't this mean that the space of quantum states that are reachable in polynomial time is only a polynomially large submanifold of the full Hilbert space? Thus, the actual submanifold of realistic states is only polynomially large, and that all realistic wavefunctions that lives within this space only contain a polynomial amount of information, despite being embedded in an exponentially large Hilbert space?
If the above is true, that the actual informational content of realistic wavefunctions is polynomial, then surely we must conclude that describing quantum wavefunctions as vectors in Hilbert space is a major “overkill” and, therefore, an unphysical description. In my opinion, a much more reasonable description of quantum states would be in the form of quantum circuits, or (in some specific cases) tensor networks. What do you think?
Note: whenever I say "polynomial" or "exponential" I mean in the number of quantum particles (e.g. qubits).