The fun thing about DEFLATE is that compression is actually optional, since it supports a non-compressed block type, and you can generate a valid stream as a one-liner* (with maybe a couple of extra lines to implement the adler32 checksum which is part of zlib)
The CRCs are entirely dead weight today, but in general I'd say PNG was right in the sweet-spot of simplicity versus practical utility (and yes, you could do better with a clean-sheet design today, but convincing other people to use it would be a challenge).
*Edit: OK, maybe more than a one-liner, but it's not that bad https://gist.github.com/DavidBuchanan314/7559825adcf96dcddf0...
Edit 2: Actual zlib deflate oneliner, just for fun:
deflate=lambda d:b"\x78\x01"+b"".join(bytes([(i+0x8000)>=len(d)])+len(d[i:i+0x8000]).to_bytes(2,"little")+(len(d[i:i+0x8000])^0xffff).to_bytes(2,"little")+d[i:i+0x8000]for i in range(0,len(d),0x8000))+(((sum(d)+1)%65521)|(((len(d)+sum((len(d)-i)*c for i,c in enumerate(d)))%65521)<<16)).to_bytes(4,"big")