The existing distro Neon has issues generally because of their choice to use Ubuntu LTS as a base. This is because KDE Plasma needs newer libraries usually than Ubuntu LTS can provide
In other words, they don’t have enough resources dedicated to doing it well. This is part of the problem I described.
Basing it on Arch means they’ll almost always have the latest libraries ready to go.
That could reduce the work required in one area, but would increase it in another. Arch fails the “doesn’t break” goal on its own, which means someone would have to do more work if they want to achieve it.
Good luck. :)