Perhaps you are getting the wrong impression from what I said. The theory of evolution gives a good description of the history of life. That is it. In order to understand how cells and cellular systems operate, you need to have a rudimentary understanding of biochemistry, genetics and cellular physiology (bioinformatics too?). As a simple analogy, if you want to become a car mechanic, you don't have to learn the complete history of thought and evolution of the automobile. Again, here you need basic knowledge of how a car works and how to fix it. Sure the history of the evolution of the car is fascinating (as is the evolution of life), but to say it is an absolute necessity to become a mechanic (cell and people mechanics included ) is not really connected to reality.
The theory of evolution also can't be used to predict the future. The only prediction that you can make is that things will change. You can't predict the direction of the change. For example, if you want to design a drug that binds to and inhibit a protein, causing inhibition of bacterial cell growth, there is no way for you to design a drug that will inhibit the protein indefinitely because of the random nature of mutations and their effect on amino acid sequences. The random nature of the evolution of the HIV virus is another example where evolution can't be used to predict anything. The only way to predict evolutionary change is if the selection parameters are known, e.g. selective breeding. However, a group at Wits is doing some fascinating research on long hairpin RNAs to inhibit HIV-1. They are also using evolution to optimize the binding affinity of these sequences. The selection parameters are also known...
Also, the mechanics I am referring to are not genetic flow and genetic drift. These are terms to describe evolutionary change. The mechanics I am referring to are phosphorylation, dephosphorylation, ubiquitination, gene silencing, hydrolysis, electron transfer, oxidation, reduction, proton translocation, coupling, decoupling, dismutation etc. As you can see, the theory of evolution has nothing to do with how cells operate.
I am not saying we don't use evolutionary theory, just that evolution is not used to understand or gain insight into how cells operate. Of course, once you discover how a certain component works you can look for similar evolutionary conserved components in try and figure out how it evolved through descent with modification. Or if you find a component that is the same in humans and fish, you can be sure with reasonable confidence that you will find the same component in elephants (e.g. cytochrome c) because of evolutionary theory. It is however largely irrelevant in what I am doing, and I am only talking from my point of view.
Sure, we use evolutionary algorithms in bioinformatics when designing new drugs, the theory of evolution however has nothing to do with it, that is just good programming (of which I know very little).
As a side note, an M.Sc means nothing today, it is just a stepping stone to the next level. Today's research becomes obsolete tomorrow. That is what makes science so awesome... constant discovery.
(Oh, it should read, "reformed Christian evolutionist, panproto-psychist)