This lines up with my experience. The job listings look the same across LinkedIn and Indeed. Last time I was job hunting, Indeed had a better search function, so I was able to find relevant postings there more easily. These days, I am not actively searching, but I do periodically check on some companies’ websites within my field to see if anything pops up that might be worth a shot at.
Yeah, spoiler tags are the one big feature that is missing. There are also some minor things on the moderation side that aren’t there. For example, admin accounts don’t have a full list of options in the moderation menu.