To do quality QA/code review, one of course needs to understand the design decisions/motivations/intentions (why those exact code lines were added, and why they are correct), meaning it is the same job as one would originally code those lines and building the understanding==quality on the way.

For the terminology, I consider "vibe-coding" as Claude etc. coding agents that sculpts entire blocks of code based on prompts. My use-tactic for LLM/AI-coding is to just get the signature/example of some functions that I need (because documents usually suck), and then coding it myself. That way the control/understanding is more (and very egoistically) in my hands/head, than in LLMs. I don't know what kind of projects you do, but many times the magic of LLMs ends, and the discussion just starts to go same incorrect circle when reflected on reality. At that point I need to return to use classic human intelligence.

And for COBOL + AI, in my experience mentioning "COBOL" means that there is usually DB + UI/APP/API/BATCHJOB for interacting with it. And the DB schema + semantics is propably the most critical to understand here, because it totally defines the operations/bizlogic/interpretations for it. So any "AI" would also need to understand your DB (semantically) fully to not make any mistakes.

But in any case, someone needs to be responsible for the committed code, because only personified human blame and guilt can eventually avert/minimize sloppiness.