I think "getting OCaml features at a slower rate than OCaml itself does" counts as "falling behind", yes.
2015 OCaml was an excellent language. 2020 OCaml is exquisite.
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What feature of 2020 OCaml do you think would convince JS developers to use Reason?
Monadic let syntax would be a big win (allows for async/await-like constructs) in Bucklescript, and inline variant records have been nice once or twice (I see reason newcomers at dojos do this naturally almost every time shortly after introducing variants).
Inline records are available since BS 6 :-)