It makes perfect sense if derived via
causal perturbation theory. Not a single infinity, not a single cutoff, and not a single nonphysical parameter appears.
The QED limit of the lattice approximation of QED is not well-defined at all. And at fixed IR and UV cutoff lattice QED lacks all relevant invariance properties.
So to me,
causal perturbation theory makes much more sense, is much better understood, and gives a much better definition of QED than the completely uncontrolled lattice approximations. (Indeed,
the only way to verify if a future construction of a QFT ''is'' QED is to verify that the asymptotic expansion of its S-matrix reduces to that constructed by
causal perturbation theory. There is no such statement for lattice QED.)
But of course, ''making sense'', ''understanding'' and ''better'' are as subjective as the various interpretations of QM...