Having sat on hiring committees, that's a fair summary. Most people are not very good at interviewing, because it's a weird skill, and nobody actually teaches you how to do it well. There's interview training, but it's incredibly short, and seems like half of it is about legal policy. There's ostensibly shadow interviews, but that tends to be luck of the draw on who your shadower is; most won't put in the requisite time to help coach you in conducting better interviews.
I think big companies like to pretend that leetcode interviewing scales well, without actually doing the time necessary to make it scale well.
> Right now my interview has a wash out coding exercise that is beginner oriented to get the resume liars but other than that it's all systems.
This is 100% what I've gravitated to. The longer I've interviewed people, the easier and easier the actual coding parts of my questions have become.