Reason 147,196 to homeschool.
Look see type reading probably works if you want to end reading comprehension at Dick and Jane books, but if you want to really know how to read, especially higher level literature, you simply must know phonics.
Not every kid will enjoy reading though. We have four kids. We homeschooled and graduated them all and used the phonics method.
One worked for many years in a library and bookstore. She loves introducing books to kids and is currently going to college for her library science degree. Another works for a Christian book publisher, wants to become a proofreader and has 247 books on her Christmas list. ( she might get three), The other is an aerospace engineer, so I assume he’s pretty fluent at hard reading. The fourth reads well, but has no enjoyment in books. It is what it is.
I understand, given what you said, your devotion to phonics. However, phonics is a made up term derived from the word phonetics. The whole concept of sounding out words has been around for a long, long time, but it doesn't always provide the correct spelling.
What DOES work is to read 'higher level literature'. Even if you don't understand what the words MEAN yet, your exposure to them gives you the correct spelling. Sooner or later, the student will 'hear' the words used and understand their meaning via the context. That info is stored in the brain with the already correct spelling.
That is how to learn how to spell words correctly.
All other methods are Fony.