It really depends on intent. If the bondage position is intended to cause some discomfort (such as in predicament bondage) it is OK for me. If it is being imposed as a punishment ( something like...."Let's see if being left like this for an hour or so improves your attitude") it's fine and in fact can be very arousing to me.

If it is intended by the Domme as simply to provide restraint while other activities occur and unintentionally causes pain I find it distracting and annoying. Almost like an itch that can't be scratched, it prevents me from focusing on the other sensations the Domme may be wanting me to experience. It also impacts the illusion of the Mistress being all knowing and completely in control....and that can negatively effect the scene dynamic

I think it is part of the classic BDSM idea of "good" pain vs "bad" pain.