The current state of event detection research has two notable re-occurring limitations that we investigate in this study. First, the unidirectional nature of decoder-only LLMs presents a fundamental architectural bottleneck for natural language understanding tasks that depend on rich, bidirectional context. Second, we confront the conventional reliance on Micro-F1 scores in event detection literature, which systematically inflates performance by favoring majority classes. Instead, we focus on Macro-F1 as a more representative measure of a model’s ability across the long-tail of event types. Our experiments demonstrate that models enhanced with sentence context achieve superior performance over canonical decoder-only baselines. Using Low-Rank Adaptation (LoRA) during finetuning provides a substantial boost in Macro-F1 scores in particular, especially for the decoder-only models, showing that LoRA can be an effective tool to enhance LLMs’ performance on long-tailed event classes.