I'm on a team that develops a Bible study app, and we're all relatively content with how the basic models converse regarding scripture. Even as far back as GPT-4 was excellent. They occasionally have minor hallucinations (a dealbreaker for a production app), but they do an excellent job with theology and Bible scholarship, given reasonable guardrails.
I'll admit I'm coming from the perspective of "should we be implementing this?" It seems, on the surface, that a strong embedding-based verse retrieval covers the bases at a microfraction of the cost.
If you're interested, check out the development server where we're working on this. You navigate to the search (magnifying glass) and then hit "Meaning". Sorry for the confusing route; we're still deciding on back-end details and haven't focused on the front yet.