I believe your understanding is not correct. The laity are suppose to participate in the Mass. Missals of 1962 have the translation into English on the opposite page of the Latin, and it take only a few times of attending TLM Mass to pick up on it. And in short order, you won’t even need your Missal just as now in the NO Mass. The readings are in English & so is the homily. Of course there is much more to the TLM Mass than just language. The 1st. time you attend a TLM, the reverence shown to God from the priest, alter servers & laity as well, you feel to the point that your spine tingles almost bringing you to tears. The last time I was able to attend a TLM was in 1971 as it was not offered anywhere I lived since then. If the NO was celebrated in the way Vat.II directed I would not have anything against it. Not even the language, if bishops & priest were not to keep adding or subtracting to or from it & they and laity would only follow the GRIM.