Not enough players for a truly rank experience.
Apex Legends was fantastic because there were enough players you literally had rank specific lobbies; you could see the difference in lobby skill when you ranked up! I remember there always being a jump from plat to diamond.
Although RED SEC is fantastic, the pool of players is simply too small, ranked will work in identifying your own skill level, but whether your bronze or diamond, we are all for the most part playing together with the top 250.
It is what it is! RED SEC needs a few hundred thousand more players to be able to offer a truly skill based ranked system.
Still having fun tho.