However, battery life for a mobile console cannot be ignored. The Steam Deck can last as little as under 2 hrs depending on workload. A switch to ARM64 (e.g. ARMv9.0) would likely over double the battery life at the bottom and top end.
As a side benefit, because high-end ARM64 SoCs are so common in phones, Chromebooks, tablets, steaming boxes, et al., they may be able to bring the prices down, further increasing their competitiveness.
PS - No doubt I'll get a bunch of replies with "But use this One Simple Trick™ to get longer battery life" which, while true, also applies to ARM64.