I like the current model that combines both preprint and peer review. Nothing is perfect but having both is helpful in balancing the downsides of each. We just updated our preprint based on extensive feedback—including yours.
Caught errors, added citations, clarified sentences.
A robust preprint process can really help with things that authors themselves would correct/add if pointed out. It did with us. Systematically went through the criticisms, suggestions... Better for everyone.