Full text search or even grep/rg are a lot faster and cheaper to work with - no need to maintain a vector database index - and turn out to work really well if you put them in some kind of agentic tool loop.
The big benefit of semantic search was that it could handle fuzzy searching - returning results that mention dogs if someone searches for canines, for example.
Give a good LLM a search tool and it can come up with searches like "dog OR canine" on its own - and refine those queries over multiple rounds of searches.
Plus it means you don't have to solve the chunking problem!