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You're not wrong, but it's also not the focus of the article. There's a lot of complexity in a pick and place system, for example I didn't even touch on the entirely separate board that's controlling the tool head. If I tried to capture all that at once, I'd be writing an entire textbook, not an article.
If you're interested in how the LumenPnP handles vision, you can check out the OpenPNP project which handles all of the computer vision involved.
https://openpnp.org/
I think you're working on some outdated assumptions. As mentioned in the article, the LumenPNP project is successful. Myself and many others have been successfully assembling boards with it since earlier this year. Lumen isn't my project, it's just the machine that the board I designed is intended to work with.
https://github.com/opulo-inc/lumenpnp