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Last Week in Fediverse – ep 92
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That sounds... potentially counter to the goals of the Fediverse. If it's its own open-source and hostable project with an easy switch for admins to provide a different algorithm then I can see how it would be a big leg up for better discovery, but if it just locks you into phoning home to loops.video then that is terrible.
I have thought for a while though that search / indexing should be a separate Fediverse service to allow even tiny instances to make use of large-scale search, but only as long as it remains open for anyone to host an indexer.