I completely agree. For now, I am stuck on Unreal 5.3 because the quality of Lumen is not there yet.
You need to tweak so many console commands to have what you want and even then is not perfect.
i spent three days trying to have something similar, it’s close but is not as sharp as ray tracing.
Lumen is fantastic for the organic environment, but for the jewelry or watch industry we are coming back 2 years back in quality.
i understand the need to go forward with lumen, but keeping the raytracing until lumen is mature was in my opinion a better choice.
wish you a beautiful day.