That doesn’t matter.

> This breaks down with mutation, especially atomics, which are allowed as struct fields.

Not true at all. First, the compiler could refrain from doing this sort of code generation on fields with atomics (or any kind of mutable cell). Second, the object could be misaligned in some local contexts sometimes but references passed to functions could be always properly aligned. So a RefCell or atomic could still be copied or moved out and mutated, then moved back in, when the object is known not to have any references.

In general, this is close to reasonable code generation — a local struct could have some of its parts in registers. Its parts might be in noncontiguous stack locations. A language spec needs to specify that a field can be referenced or accessed via its pointer. It might also distinguish this from an alignment guarantee.