Yes, the content of this hadith completely applies to us, and it aligns with our condition of weakness, lowliness, and contempt from others who deny. But our pride, our happiness, and our honor lie in the recognition (ma'rifah) of our Master and in sincerity to him.
[183] And from it: On the authority of Ibn 'Abbas, from the Messenger of Allah (exalted is his might), that Allah has set Ali as a standard ('alaman) between Him and His creation. So whoever recognizes him is a believer, whoever denies him is a disbeliever, whoever is ignorant of him is astray, and whoever equates him with another is a polytheist.
Clarification (Idah): Polytheism (shirk) applies to whoever equates another with Allah. He (Mighty and Majestic) said regarding the disbelievers: ["Then those who disbelieve equate [others] with their Lord,"] 1 meaning, they associate partners and equate.