I don't think it's the best season of Picard. I think, in fact, it was the worst if only because it did not fit narratively within the rest of the Picard series. It was essentially a soft reboot of the series letting most of the primary cast disappear and replacing them with the nostalgic cast for the finale.
I agree though, Lower Decks and Prodigy did it first and did it better than Picard because they stayed true to the ideals of Starfleet and the Federation and made this a main point of the series. Something that I think both animated shows do extremely well. Contrast this with Picard's Starfleet and Federation - they are in this position because they are spies, torturers, and liars who engage in grave robbery and allow themselves to be constantly defeated at their own hand by hubris only to be saved not by Federation and Starfleet ideals, but by the opposite (as presented.)
I also think that this same phenomenon happens in TOS as well although to a much less noticable degree. While that crew was always depicted as a little more willing to bend the rules, the movies had them breaking all the rules with a smirk and I think part of that was just the desire to hammer into the same nostalgia that Picard 3 tries to do. Unfortunately, Picard 3 doesn't give us original characters or original concepts and so it needs to be maintained through relationships to existing characters.
I mean let's be clear for most of Ferengi history women were not allowed to own property of any kind - including clothing and some of their business endeavors include poaching endangered animals and literally being slave traders. I mean - I don't think there's any indication that Ferengi society was anything more than hyper-capitalist dystopia as a juxtaposition of the Federation socialist utopia. That Rom and Quark are goofy and lovable I think speaks more to how bad every other Ferengi is operating outside of a Federation station.
From the Federation's perspective the Ferengi are harmless and in this way they may be ethical enough to not warrant confrontation, but at the same time - the Federation does seem to stop them when they're doing something like slave trading so I think we can imagine that for some people in the sphere of Ferengi influence they're not so ethical.