For us, the main motivations for the Pallene approach are performance predictability and implementation complexity.
To get maximum performance with a JIT you need to write your code in a way that ensures that the control flow always stays inside the compiled parts of the code. If you are accidentally "too dynamic" then the JIT will fall back to the general bytecode interpreter, with an order of magnitude slowdown. The Pallene type system should ensure that if your code typechecks then it can be compiled to something reasonably efficient.
The type system also lets us use a simpler ahead-of-time compiler instead of a just-in-time one. JIT compilers are notoriously tricky to implement, which in turn means that it is more difficult to evolve them together with the language, or to port them to additional platforms.