ARM support is production-ready, and the database performs well, both on low-end and high-end ARM systems. It is true that we do not support explicit SIMD and JIT filters.
However, it depends on your workload as to whether you were heavily leaning on these features or not.
Once you start to factor in the lower price-point for ARM CPUs on cloud platforms, it becomes an attractive option.
For example, m8g instances are still cheaper than m6i instances, and for many workloads will have comparable, or higher performance. m6g instance performance is worse, but considerably cheaper.
It is worth using Java 17 over Java 11, when deploying on ARM.