At present there's 16x64-bits of register state saved (128B), but if we were to have full support for the vectors, you need to potentially add 32x512-bits to the state (plus another 16 GP registers when APX arrives). Total state that needs moving from registers to memory/cache would jump to 2304B - a 1800% increase.
Give that memory is still the bottleneck, and cache is of limited size, a full context switch is going to have a big hit - and the main issue with microkernels is that a service you want to communicate with lives in another thread and address space. You have: app->kernel->service->kernel->app for a round-trip. If both app and service use the AVX-512 registers then you're going to have to save/restore more than half a page of CPU state up to 4 times, compared with up to 2 on the monolithic kernel which just does app->kernel->app.
The amount of CPU state only seems to be growing, and microkernels pay twice the cost.