I think this is a pretty fair summary. I've been using matrix since before the patreon was started and it's gotten a whole lot better for sure, but there is still no single client that does everything. Element X is right out since it doesn't support spaces yet. SchildiChat next comes close for me, but it can't edit room topics, pinned messages can get a bit weird once you start editing them, and I have a few invites to some pretty nasty looking spam dms that I can't delete, so there are still some rough edges.

On the desktop side, if there were a client as good as SchildiChat maybe that would work, but last time I tried one of the Element desktop clients I wasn't even able to log in (it either crashed or hung, can't remember), and most of the time I'm fine with Fractal anyway. Fractal is actually a very nice client for what it does, it just has a limited feature set: missing spaces, copy/paste doesn't quite work like you'd expect, no search (I'm not sure there are any clients with fully functioning search for encrypted rooms), and my memory is that heic image previews weren't supported. I can fall back to nheko for some of the other things when needed.

As far as I know, there aren't any clients that support the new element call unless you enable the labs feature in element x.

All that said, I can't overstate how much I appreciate all the work the matrix devs do, and it is still fine for my daily use. Even if I sometimes disagree with Arathorn's conclusions about how ready matrix is, I have to appreciate the optimism and I imagine it is part of why he's been able to continue through all the negativity :) and it's not entirely wrong to say that matrix beats the competition - I'd say it easily beats teams and imessage (teams does not deserve to be mentioned in the same sentence as anything else), and it is mostly comparable with messenger and whatsapp. Slack probably has it slightly beat, and discord is leagues ahead of everything else.