That's the thing about Spirit Origins in Fate, they often focus on a particular aspect of a heroic spirit, instead of giving you the full package.
That's why servants like Medusa have so many variants, each focusing on a different part of her story/character.
Circe's powers are limited to her most famous aspect, which is turning men to pigs with her porridge. That's how we see her in the game.
At her full potential, I think she was able to foresee the future, cast illusions, and had an extremely high calibre for potions.
However, I don't think she really competes with Morgan, not with the LB6 one atleast. For the actual Arthurian Legend's Morgan, yep, Circe could definitely pose a challenge, since that Morgan is a great witch, but only a scehemer at heart.
LB6 Morgan is a force of destruction, with many, many weapons at her disposal, including but not limited to Rhongomyniad lances, which are essentially tactical missiles, and portals that have pseudo time traveling abilities.