In my experience, this is a pie in the sky dream - orchestrating dropdown loading and lazy loading becomes challegning. Dependencies between inputs become impossible (if this field is filled [or set to value x], show this section of the form, if this field is of value x, only allow values of a, b or c in field y).
Not only this, but I think generally when a backend change happens you want to be aware of it (and fail early, probably in the test/integration phase!) - leaving it potentially as late as runtime could be devastating.
For very basic forms generation from a model is fine, but I think it hits its limits pretty quickly. Imo generating a model from a schema is an okay halfway house.
Regardless, this tool seems pretty nice, and could save me a little boiler plate!