You lose the Verizon to Verizon video calling, buy I don't miss that as Google Meet (or many other services) works, and you can go between carriers too!
Call and text on other devices is great too as somebody else mentioned. I have not missed the Verizon branded phones at all since I switched to unlocked several years ago.
I wouldn't mind locking in to 3 years with Verizon as I have been with them for 23 years - but I don't want to lock into the S22 Ultra for 3 years. I had to pay out the contract on a pair of Note 9s when we upgraded those, and that was in the 24 month bill credit days.
We went unlocked and never looked back.
I'm still holding out to see if the trade in values go up. If not, I'll check out the Fold 5 later in the year.
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