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See the about section: https://github.com/GetFirefly/firefly#about-firefly
> The primary motivator for Firefly's development was the ability to compile Elixir applications that could target WebAssembly, enabling use of Elixir as a language for frontend development. It is also possible to use Firefly to target other platforms as well, by producing self-contained executables on platforms such as x86.
Check out the existing AtomVM if you've not for that use case.
https://github.com/atomvm/AtomVM
You may be already aware of it, but just in case, there is the Nerves project: https://nerves-project.org/
For very high degree of interactivity I've been working on LiveSvelte which might solve that issue for you. Your other points still stand though.
https://github.com/woutdp/live_svelte