It is freaking amazing that this works almost perfectly. Seriously, it’s mind blowing. The problem is, when you keep in mind how the technology works, you realize that the “almost” can never be removed. That’s fine for some use cases but not for others. I understand that human translators make mistakes but they have a conception of truth and correctness, that matters.
The common failure mode is names and genders, for some reason it likes to swap names and genders of characters.
2. Plausible != Correct - ie, would someone notice if they were reading a slightly different but still logical story?
When I do the translations, I actually don't even include previous chapters in the context.
And really consistent editing and choices between what is translated and what is not and instead is Romanized is rather important with many Chinese novels.
You can get something you can figure out, but I doubt you get something really enjoyed.