Just rewatched Spider-Man: Homecoming, and it can definitely compete with Far From Home (not in action or visuals though). Script just feels so tight, with so many small details, and so much tension. And I liked the moment where Happy tells the moving staff that they gotta bring Cap's new prototype shield and Thor's belt, in which we ended up seeing both of those items in Avengers: Endgame. I might go for another watch of Far From Home before it leaves theaters, cause I had so much fun with it but in a different way to Homecoming.
I might like Homecoming slightly more, I'm not sure, gotta digest FFH some more. I just love the whole buildup between Pete and Vulture, the reveal, how they talk it out later, how he has to prove himself without the suit etc. But FFH had much better action and visuals. I might go rewatch FFH again sometime this week. I think I had more fun with FFH but Homecoming felt more tense. Good in each their own way.
And here's looking to Phase 4 now! The future's exciting.