Not aware of Rtags but I'll assume it's similar to the omnipresent C tags but with an actual C++ parser. If that's the case, in theory cquery is a lot more powerful; it would include the symbol indexing of Rtags but also code refactoring tools ("fixits",) fully aware context-sensitive auto-complete, ability to detect dead code (i.e. #if 0 or #ifndef _WIN32) and support for the type hierarchy. Some of that stuff is definitely not supported by LSP so I imagine it's custom stuff for VSCode only.
All in all, it sounds like it would provide most of the IDE experience to VS Code. The only annoying part would be that you'll have to extract the compile flags from your build system yourself, but that's not usually too big of a deal.