Depends what you are looking at. Food most probably.

But a private room, escort through airport, etc is better than QF 1st. Know some other airlines who have the escort, buggies, etc through airport for F, but don't think QF offers that.

Then the non first things like more and guaranteed RUs, deadicated phone, bump people off flight, always get your preferred seat, etc. Last on and still room in overhead above seat.