I think I see what you mean. I suppose it is kinda like an opaque binary, nevertheless, you can use it freely since all is under the MIT license right?
Then it’s never distributable and any definition of open source requiring it to be is DOA. It’s interesting, as an argument against copyright. But that academic.
Also I would say arguing that the model weights are just the "binary" is disingenuous, because nobody wants releases that only contain the training data and scripts to train and not the model weights (which would be perfectly fine for open source software if we argue that the weights are just the binaries), because they would be useless to almost everyone, because they don't have the resources to train the model.