I think the engine is fine now.
I think the problem now is the ground effect in the top speed turns.
The next GP will be in Monaco and I think Ferrari can do a miracle here with a pole position since is the track where LeClerc lives and no top speeds or high-speed turns.
If he can do the perfect lap he can do the miracle.
Anyway, the Ferrari boss said they spent most of the time since 2020 for the 2022 car and this one should be only an update from 2020, maybe they even did too much for this season.
The engine from Ferrari is definitely better than last year, but I think that to the top it still lacks about ~20 hp. Mercedes and RedBull follow two different concepts, Mercedes weak aerodynamic and higher top speed (maybe also due to a more powerful engine than Honda) and RedBull more on aerodynamics. In my opinion, Ferrari is in between. They are not at the top here and there, but unlike last year with the inferior engine, they can still change that.