Though privacy is a concern, Bambu's LAN mode seems to adequately address it (for now). The real concern with Bambu is the lack of freedom to go outside the Bambu ecosystem. You're locked into a walled garden and subject to the whims of the company. They're reasonably benevolent now, but lawsuits or product bans in NY or CA could see them singing a different tune in a not-hard-to-imagine dystopian future.
By contrast, QIDI is happy to let you own the printer that you bought. You can firewall it and it still works (without special LAN-mode shenanigans). You can use any slicer and it still works (without having to sneakernet files on flash media). You can load alternate firmware (even firmware you built yourself) and it still works (assuming you do it right). If those things are important to you, then they tend to make the QIDI a better overall value.