I'm not really an expert on the matter, but couldn't PNG filtering be implemented in the same way, i.e. as a filter just like Farbfeld? This way it would keep the same composability, and be used with other formats too.
Considering there are no stand-alone implementation of these, I guess the author simply went with what achieved the highest compression ratio, regardless of speed.
But it would be interesting to see if a complete ecosystem can pop up around it sooner or later, especially given the renewed interest in arguments between "the unix way" and other philosophies.