I actually agree with both of your takes on what they should do.
The Old Republic and New Republic eras are untouched goldmines of content.
The Old Republic having its own content begging to be adapted (KOTOR games, TOR MMO, and Darth Bane Trilogy).
As well as the post Ep6-era with several novels (of 'diverse' quality) can be picked over for the great ideas that can be adapted into Movies & Streaming Shows...but not live-action.
Don't know either of you have checked out the recent 'Tales Of The Jedi' & 'Tales Of The Sith' series in Disney+ but they really display the evolution of CGI animation that is actually worthy of being within movies released in theaters.
The 'Legends' books, the best of them, could be adapted with some of the great ideas of the 'not-great' books that weren't executed well but had a lot of potential.
A series of shows showing the Solo kids being trained under Luke? That's the Jedi Academy series.
A movie showing the developing romance between Han & Leia with a political storyline in the background? That's...
Or a giant intergalactic war with an invading species determined to wipe out the entire galaxy, with body horror, grim-dark adult themes, with no major character safe, with a death toll across the galaxy only estimated to be in the hundreds of trillions?
That's the New Jedi Order - 19 books.
From what I've heard of this book series from those who have read it, they describe it as 'peak Star Wars.'
Better than the movies.
No plot-armor.
Major battles lost.
Entire major planets destroyed.
I'm about to start reading the first book in the next few weeks.