I might have misunderstood of course.
If so, then the use cases for this would be fairly limited since you'd have to deal with lots of latency and costs. In some cases (legal documents, medical records, etc) it might be worth it though.
An interesting alternative I've been meaning to try out is inverting this flow. Instead of using an LLM at time of searching to find relevant pieces to the query, you flip it around: at time of ingesting you let an LLM note all of the possible questions that you can answer with a given text and store those in an index. You could them use some traditional full-text search or other algorithms (BM25?) to search for relevant documents and pieces of text. You could even go for a hybrid approach with vectors on top or next to this. Maybe vectors first and then more ranking with something more traditional.
What appeals to me with that setup is low latency and good debug-ability of the results.
But as I said, maybe I've misunderstood the linked approach.