The beauty of Nope is that you don't need any context to view it. Because first of all, it's just a high-quality Hollywood movie about hunting an alien, which the big screen has never seen before.
Peel is playing on the grounds of Steven Spielberg, who often liked to create a sense of discovery in his films - it’s not for nothing that Nope is constantly compared to Jaws, and the film is described as the triumphant return of the great American UFO movie.
Yes, Nope has additional layers of storytelling, but in this case they exist as an add-on to the main entertainment and seem to conflict with each other. The cameras in Nope are both a weapon and a means of protection, Hollywood is both a capitalist evil and the only means of saving this world, and Peel himself scolds the dominance of CGI in the cinema, but makes his villain so bright precisely thanks to computer graphics.