Maybe you're right, mate.
I don't have any fears about the low to mid tier of the market. My iPad's A12X is, as Steve Jobs might've put it, a screamer. But I fear about the ultra high end, and I doubt they'd use another manufacturer's ARM chips.
There's more to a CPU than what we've seen from Apple silicon so far. To fit in something like a Mac Pro there needs to be a lot of PCIe lanes on that chip as well. And I haven't looked into their instruction set for the ARM chips, but Intel has AVX instructions (which aren't supported by Rosetta at all) for wide SIMD computations. The YMM registers on some Intel chips are 512 bits wide. That means 8 or even 16 int64 or int32 values modified at once in a single instruction. For programs that use those kinds of instructions, I don't know of any widely available ARM alternative. Apple's silicon may have an extension to the ARM instruction set that supports similar SIMD instructions, but to my knowledge it's not in standard ARM. And while regular instructions may be faster on Apple's chips clock for clock, I don't know how they'd compete with AVX in the scientific community especially. Though I suppose the strategy may just be to advice using GPU acceleration, since if your instruction can be parallelised into AVX it's likely to also fit GPGPU acceleration.
Time will tell I guess