Every year they've looked worse at the start of the year Penrith, they've shifted over time from a team that dominates every week to one that does just enough during the regular season & times their run for the finals.
But yeah even allowing that, there will come a point that pacing themselves in the regular season will result in too many losses, which means they'll need to empty the tank more for regular season wins & eventually run out of steam in the finals.
Their edge defence definitely looks more brittle and that's a flow on from losing JFH. They don't control the middle anywhere near as well now - as good as Lindsay Smith is proving himself to be - and that exposes some deficiencies which were previously being covered up.
And Leota, as much as we've both just hyped him up, took the **** a bit in the regular season last year & he looks even worse this year.