To your point, you'd have to go BSD or Paid MorphOS.
You may be surprised, but a lot of software is newer on macOS ppc than, for example, on OpenBSD (the OS itself it not, of course). There are notable exceptions which can make a difference, like Qt5/Qt6 being supported on *BSD but not on MacOS.
Yet, it will be factually wrong to say that macOS has out-of-date software in general.
No experience with MorphOS (and no interest to get it, given their policies), but a simple question would be: does a major compiler (gcc or clang) support it in its current version and does it have a working out-of-the-box package manager? If not, then it will be a huge pain, even if they give you a newer browser.