longmemeval does not really need semantic search: BM25 already gives the same ratio you mentioned IIRC, so for this use case this is pretty much expected that it is not worth paying the cost of evaluating the embeddings (this extra cost you see at indexing and recall time). funes shines when the information is actually difficult to find.
David Corvoysier
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funes: Local Memory for Coding Agents, Built on Lance