I don't think you're missing something - Apple's built in dictation is pretty good. The biggest issue is that it still executes parts of it online via Apple's servers and even has a disclosure that it "sends information like your voice input, contacts, and location to Apple."

This project uses the on-device SpeechAnalyzer API directly and makes zero network calls, and since it's open source you can verify that nothing leaves your Mac. It also keeps a local searchable history. Finally, I also added press-to-stop with a preview so you can cancel a bad take before it inserts, instead of typing live (very useful in terminal).

What type of package were you hoping it was?