In fields like AI/ML, I'll take a preprint with working code over peer-reviewed work without any code, always, even when the preprint isn't well edited.
Everyone everywhere can review a preprint and its published code, instead of a tiny number of hand-chosen reviewers who are often overworked, underpaid, and on tight schedules.
If the authors' claims hold up, the work will gain recognition. If the claims don't hold up, the work will eventually be ignored. Credentials are basically irrelevant.
Think of it as open-source, distributed, global review. It may be messy and ad-hoc, since no one is in charge, but it works much better than traditional peer review!