When you watch the series it is clear that they spent a lot of money for this series hastily, almost everything is carefully and meticulously designed and fitted into the series unnecessarily, but it has few problems that is undoing grandiosity of the series:
1. There is too many ideas, philosophies, perspective going on in the series, that it is clouding the image of the story itself. It should have been clean, epic, parallel stories.
2. Their goal for this series was to be perfect, both attention to details whether in image or in story or makeup ... and perfect story, which is undoable. Let me give you an example: in the lotr fellowship movie, they were gathered in Rivendel to talk about the ring, it was epic and yet brief. But in the rings of power series it is the opposite, for example: several detailed discussion with whether numenor should go to war or not, which was too trivial and long even for a series.
3. The series wants to build the whole story into an epic story bit by bit, which is more like a modern TV series, rather than lotr of Tolkien. Tolkien gradually turned nice and cozy hobbit atmosphere into epic story of battle between evil and good, Although he made a lot effort so that we can imagine the imagery and the events in the story, but he didn't write trivial stuff into the story.
4. It seems they have fallen into the fallacy of believing that the series was going to be perfect just because of the budget even before the series was made.
All in all the series is just good, if it didn't have the first tier visual effects and imagery, it would have been a disaster.
In the movie even passing by giant statues on the bay of the river feels epic and gives me goosebumps, but nothings in this series feels epic. For the movie passion and effort made it great, but for series they thought budget would do that. Yet I have decided to watch all of the seasons, bad or good.