Roughly my read too, with how quickly it starts asking for money as the caveat.
I would judge the room on how much of it's usable without a card rather than on the feature list.
Out of roughly 60 matches on webcam sites, 2 turned into an actual conversation.
If you care about whether a phone number is genuinely required, that alone should decide whether the stream is worth it.
The gap between good and bad platforms here is what the free ceiling looks like in practice.
Take that as one data point on webcam sites rather than a verdict.