Since you pick on that example, yes I am unsurprised about an exploit in ColorSync. The bugs in ColorSync in combination with Photoshop are legend: for example, there was a "black crush" bug doing the rounds of photo blogs and forums which persisted for months. More recently, it was not possible to disable ColorSync when printing, which made it impossible to calibrate printers (that is, measure the printed result with a spectrophotometer in order to derive new ColorSync tables). And furthermore, I don't think it is actually the first colour profile exploit I've heard of, although I forget whether it was Apple's or someone else's.
However much of a team they have on ColorSync, it needs to be bigger. If they don't have code fixes to make, there's plenty of other things for them to get on with. I didn't think much of the API documentation, and multiple people who seemed credible to me claimed there wasn't enough detail for the kind of implementation Adobe and others need, as several calls have been deprecated. And, since Apple no longer offer their own competing product it would make sense to assist Adobe in getting it reliably right.
More than that, the calibration software for monitors is third party and, at least for the photo monitor I have... could be better. These monitors use onboard hardware LUTs instead of doing it in the GPU, so the software is hardware-specific. Fortunately, there are only a couple of brands who offer these high-end monitors, maybe 3 if you count LG, so there isn't all that much hardware to support. It's another case where the overall experience could be improved for a segment of Apple's customers if they put the effort in. There may even be money to be made.
ColorSync shouldn't have been an "old" component, if Apple had kept their eyes on what their users needed. Instead they went and changed Music again, which has apparently not pleased its users. It's a company whose management seems obsessed with a fairly narrow range of applications like home automation and instant messaging, the kinds of things shown in 1970s TV programs about the "future". If they widened their horizons more they would end up cycling through more of the many components of macOS more often, so things got timely refreshes.