I would argue that mpv has pretty much a similar feature set like vlc. I use mpv to watch youtube videos. And expanded it with a lua script to be able to zoom in. Its pretty crazy what is possible with mpv nowadays.
VLC was designed (and, well, still is) as streaming media server. This actually causes some problems with regard to normal playback but also makes it really good as... well, streaming media server, something mpv can't really do well (and doesn't intend to).