There is an app called UTM which allows running full VMs which could be useful for an iPad with a keyboard.
Only arm64/aarch64 operating systems I know are GNU/Linux or Mac OS X. I doubt the iPad is strong enough to run a usable Mac OS X virtual machine, and I don't see a ton of value running either a Linux distribution as CLI ("headless") or with a GUI on an iPad as an app in a window?
The ipad pro contains the same chip as the macbooks and comes with 8gb/16gb ram options. It's more powerful than the average Windows laptop.