There's a model of computation called 'interaction nets' / 'interaction calculus', which reduces in a more physically-meaningful, local, topologically-smooth way.

I.e. you can see from these animations that LC reductions have some "jumping" parts. And that does reflect LC nature, as a reduction 'updates' many places at once.

IN basically fixes this problem. And this locality can enable parallelism. And there's an easy way to translate LC to IN, as far as I understand.

I'm a noob, but I feel like INs are severely under-rated. I dunno if there's any good interaction net animations. I know only one person who's doing some serious R&D with interaction nets - that's Victor Taelin.