So let me give you an example.
An astral elf can teleport 30 ft as a bonus action. They can do this prof-mod per day. But this is not a spell, so they can teleport and then cast a leveled spell. Their teleport cannot be countered and has no VSM components either.
Contrast to a high-elf using their misty step species spell. They can do that once for free, after that is a 2nd level spell slot to do it again. On the turn they use it, they can't cast any other spell but a cantrip, and the misty step can be countered with counterspell or stopped in the high-elf is silenced or restrained.
So at 5th level, the astral elf can teleport 3/day for free with no restrictions, while the high elf can do it once as a spell before burning their spell slots to do it again. In fact, the astral elf beats the 24 high-elf at most everything: the both get a bonus cantrip, (the AE is limited to one of three choices, the HE is the wizard list and mutable), the AE teleport is better than HE's Misty step in every possible way, and the AE gets a floating bonus tool/weapon AND Skill proficiency per day. The HE? Detect Magic. 1/day.
Swing and a miss.
Now, maybe WotC will revise AE to become lineage that grants sacred flame, guiding bolt, and misty step 1/day plus they can swap a skill prof out once per day to make them as lame as the HE in the PHB, but I'd much rather they made the HE as cool as the AE is.