In many places cows are a natural part of the ecosystem. So much so that in rewilding parts of Scotland they have ended up releasing cattle into the wild.
Its perfectly possible for grass plus grazing animals to be carbon sink, and a provide a rich ecosystem.
Sure large herbivores were and still are part of many ecosystems.
But around where I live the majority of the grass for the grass-fed cows doesn't come from anything remotely resembling a rich ecosystem. The grass is literally 'grass': maybe one or 2 types of grass, similar amount of herbs, funghi. Hardly any insects except for flies attracted to manure. These used to be ecosystems with > 20 species of grassses and herbs per square meter.
And these are even relatively small farms; trying to upscale it beyond that to make it possible for millions of humans to eat meat multiple times a week, it won't get any better. If you're putting large amounts of cows in a much much smaller habitat then what they'd naturally use, then it's not the same ecosystem anymore.
Its perfectly possible for grass plus grazing animals to be carbon sink, and a provide a rich ecosystem.
tldr; yes, but only if you want to feed a couple of people from it.
"However, reductions to GHG emissions (15-24%) were realized when soil organic carbon accrual was considered"
So not sure there is much for me to respond to you given that.
I don't have proper calculation, but when you add up all the processing and extra requirement to grow high protein crops, you are actually not very far from meat cost.
Which makes sense because if meat was so inefficient, then vegetal protein replacement should be much cheaper, but they are not.