Adobe has been pushing hard to get 'real' versions of all their apps on iOS. LR on my iPad Pro often runs better than LR on my 2017 MBP for example. Adobe has also been pushing transitioning to cloud subscriptions so users are less likely to be stuck on old versions.
My guess is that Adobe is better positioned for a transition than they ever have been in the past.
Are they "real" though, iPad apps often feel better and smoother than desktop apps because you're not actually working with the real data they often downsample to fit within the small memory requirements.
If I drag a video file from my desktop into Premier then I'm actually working with that video file. If I open a video file in an iPad video editing app then most of the time that video file is then transcoded to H264 so the hardware acceleration can make it actually usable. Therefore adding a layer of compression.
Adobe has been pushing hard to get 'real' versions of all their apps on iOS. LR on my iPad Pro often runs better than LR on my 2017 MBP for example. Adobe has also been pushing transitioning to cloud subscriptions so users are less likely to be stuck on old versions.
My guess is that Adobe is better positioned for a transition than they ever have been in the past.