I plan a follow up to compare it with Elasticsearch, however, I don't think I'm going to attempt benchmarking, because whatever realistic scenario I come up with, it will not necessarily be relevant to your use case.
I mostly agree with you and I probably wouldn't use this at large scale (say, more than a few million records). I was primarily interested how much of the functionality I can replicate. Because for small search use cases this has some clear advantages: less infra to maintain, strong consistency, joins, etc.
Also, at Xata we're thinking about having a smooth transition between using Postgres at small scale, then migrating to use Elasticsearch with minimal breaking changes.