I agree with what you're saying, but I'm not going to be pessimistic about the endeavour! I think, given time, we can build something that solves at least some use cases better than Calc.
Libreoffice hacker here. Calc is one of the nicer parts of the codebase. Don’t underestimate the enormous list of features that are required in a modern spreadsheet engine. We’re talking 100s of man-years of coding. Come join us and make it better. Or task one of the available consultancies to implement the features you want.
I know I am underestimating; I have a tendency to do that, so I appreciate the warning. May I ask how many people currently contribute to LibreOffice regularly?