The difference is that there is an engineer in the middle who can judge if the important information is provided or not as input.
1. for a LLM "the button must be blue" has the same level of importance as "the formula to calculate X is..."
2. failing faster and iterating is good thing if the parameters of failing are clear which is not always the case with vibecoding, especially when done by people with no prior experience in developing. plenty of POCs build with vibecoding have been presented with no aparent failure in their happy path but with disastrous results in edge cases or with disastrous Security etc.
3. where previously, familairity with the codebase and especially the "history of changes" gave you context about why some workarounds were put into place, these are things that are lost to a LLM. Vibecoding a change to an existing system risks removing those "special workarounds" that keep in mind much more than the current context of the specifications or prompt.