[cameldrv]

It seems to me that the parachute(s) you need for LES wouldn't need to be as complex and capable as landing parachutes.

The LES parachute(s) will be firing at quite low speeds, so they don't need to be too strong. The LES parachute(s) also don't need to be nearly as reliable or give nearly as soft a landing.

Ejection seats in combat aircraft show the same tradeoff -- it's considered acceptable to have ejection seats that fail sometimes and sometimes cause a landing injury. Hopefully you never have to use it, and so even if it fails or injures you say 10% of the time, it's much better than certain death in a pad explosion or similar.