Alchemist is barely more than a proof of concept. Until they got DirectX to Vulkan translation really going, the performance in a lot of titles was kind of a joke.
A gen 1 product only ever makes sense in hyper-specific use-cases, but a lot of the pieces for something really neat and much more widely useful, are there.
Alchemist cards weren’t gamechangers. But they’ve proved that with time and some more RnD, ARC can be.