These models perform slightly better than GPT-3 under some tasks[2], but they're still far from achieving the results from GPT-3.5 and GPT-4. This becomes evident when you try to use them in the real world; they're not "good enough" for general use cases, unlike ChatGPT models. However, if you can restrict your use case to one particular domain, you can achieve pretty good results by further fine-tuning these models.
[0]: https://huggingface.co/google/flan-t5-xxl
[1]: https://huggingface.co/google/flan-ul2
[2]: https://paperswithcode.com/sota/multi-task-language-understa...