Indeed. Whenever I imagine the 32nd century that some fans seem to think we should have gotten with a massive Federation of several thousand members spanning five galaxies where life is an ever loving utopia and everyone's flying in mobile bases the size of a moon that's capable of a form of propulsion known as "sidewarp" I just get bored and glaze over. A reaction I did not have to Disco's 32nd century.
Yep and we've seen cultures much older than Federation that are either less advanced or on par with them technologically. The Dominion for example was around for either 2,000 or 10,000 years depending on who you ask. While their weapons and transporter tech was more advanced, it was stated their ships were slower and overall seemed indistinguishable from other 24th century tech. So if alien cultures who have been around for thousands of years can stagnate or advance in some ways but not others, why wouldn't that be the same for the Federation?
People also forget that trek tech advances based on the need of the plot. Need to shave some lightyears off Voyager's journey? Lets just invent a myriad of differently coloured space tunnels with cool names. Characters can't be beamed out because of some meaningless technobabble from a previous episode? Lets create some new meaningless technobabble to get around it.
Trek is at its best when it is focused on people and at its worst when it is focused on technology.