Raycast is great. imo better than Alfred. Love the menu-search functionality.
But I still use both, because Raycast doesn't support "folder search". I use folders in general because they don't change, and I usually know what I'm looking for. It (should be)/is also faster than searching all files.
When I'm looking for a file or it's contents, I'll fall back to spotlight
https://www.raycast.com/