You still have to branch on opcode selection which you're omitting in your translation. Branching on "expression type" and column type in your first example is also unnecessary. Bytecodes have different opcodes to operate on different types and different arities, so in both cases you have only one unpredictable branch for each operation/opcode.

The main benefit of bytecodes is then cache friendliness, by removing all of those unpredictable loads and stores to obtain the expression details (opcode, arguments, etc.). All of those are inlined into the bytecode array which is already in cache.