For me it doesnt even come close to it. Maybe if you wtite your own plugins but even then there are many limitations. The one-window problem for example.

In emacs I can overwrite ANY function wherever it is from my config and change for example how shr (an html renderer) handles/styles headings. Its crazy!

One MAJOR thing that emacs does better is making things work together. I have orderless installed for matching strings in ANY completion. It works everywhere while in VSCode you cant even get close to that.

VSCode is great if you like the default and dont want to „build your text editor“ cause thats what emacs basically is. Its a toolbox with which you can build the editor to fit your exact needs with almost no limitations