The io_uring solution avoids this whole effort of mapping. It doesn't have to map the already-in-RAM pages at all. It reuses a small set of buffers. So there is a lot of random cache-miss prone work that mmap() has to do that the io_uring solution avoids. If mmap() does this in the background it would cache up with io_uring. I'd then have to get a couple more drives to get io_uring to catch up. With enough drives I'd bet they'd be closer than you think. I still think I could get the io_uring to be faster than the mmap() even if the count never faulted, mostly because the io_uring has a smaller TLB footprint and can fit in L3 cache. But it'd be tough.
I agree that io_uring is a fundamentally more efficient approach, but I think the performance limits you're currently measuring with mmap() aren't the fundamental ones imposed by the mmap() API, and I think that's what you're saying too?