In the basic generational references approach that was a drawback, and the reason it couldn't release memory back to the OS. We planned to use something like MESH [0] to reduce the fragmentation.
We created two newer approaches since then, which let any memory be reused for any purpose:
* Random generational references, where it's fine if generations overlap with other data.
* Side-table generations, which is slower but we keep the generations in a side-table. It's can be seen in old 0.1 versions as the "resilient-v2" mode, and I plan on resurrecting it for unrelated reasons.
The former will be the default, and the latter we'll be adding back in as an option. Hope that helps!
[0] https://arxiv.org/pdf/1902.04738.pdf