As for porting, it very much depends what you're doing. Operating systems and language runtimes, especially those with JITs, have intimate knowledge of the architecture and like to play cute tricks with pointers, so those are disproportionately involved to port. General user code requires very little, if any, porting. In one study, a basic KDE+X11 desktop stack was ported to CHERI, seeing 0.026% LoC changes across 6 million LoC, or 1584 lines. It's non-zero, and of course there is a lot of code out there so even a tiny fraction of it isn't insignificant, but it is very small as these things go.
Is there documentation of the scheme that allows this? I did some quick Googling and found CHERIvoke (which is not concurrent at all) and Cornucopia (which requires scanning some user pages while the world is stopped). Are you referring to something newer?
Or is there some new fancy dedicated hardware registers involved?
So we really are reinventing the Lisp machine with extra steps.