It has all the features of Lightroom with some extras.
Moreover Capture One is missing some features which Lightroom has: The ability to filter collections based on their name. A shortcut for 'increase/decrease rating'. Filter photos for 'x stars and higher'. Show all images in a folder, including those in subalbums/subfolders. Being able to mark photos with a 'Reject' flag/rating (and easily hiding, not removing, those).
I'm still fairly new to photography and use a few preset packs that I've paid for as a base before making modifications to them to my liking. I downloaded a program that converts Lightroom presets to LUTs, and those worked decently, but they were visibly inferior due to the fact that the converter cannot handle camera/lens profiles.
I ended up just going back to Lightroom Classic for now, but hopefully once I progress enough to make my own edits from scratch I'll be able to switch back to Capture One.