Such a decoder is vastly less sophisticated with AArch64.
That is one obvious architectural drawback for power efficiency: a legacy instruction set with variable word length, two FPUs (x87 and SSE), 16-bit compatibility with segmented memory, and hundreds of otherwise unused opcodes.
How much legacy must Apple implement? Non-kernel AArch32 and Thumb2?
Edit: think about it... R4000 was the first 64-bit MIPS in 1991. AMD64 was introduced in 2000.
AArch64 emerged in 2011, and in taking their time, the designers avoided the mistakes made by others.