From the download page it looks like your anchor point is a one-time $45 for unlimited upgrades. This is already fairly cheap for DAW software, but I would be interested to know which of your pricing options actually does generate the most revenue. That would probably give you clues as to how to build a stronger free (gratis) version that doesn't reduce overall value for the user. Subscriptions being popular means you can probably consider paid add-ons and services. User wants to use proprietary plugins? It's added maintenance costs, make them pay for it. One-time purchases being popular means you probably need to pursue sponsorships. Unfortunately I don't know a good way to do this at scale without either A) embedding obnoxious advertising, or B) finding generous corporate benefactors. Everyone obviously wants option B and option A sucks for everybody. Whoever can find the equilibrium in between these will get rich.
I also want to add that I tremendously respect what you're doing and how far you've come, and that I probably would not be a musician if Ardour did not exist :)