I have AD on my iPad Pro and have done some designs/illustrations on it, I really love the pen tool and controls. I would consider it for my PC (as an alternative or replacement for AI) but. It's missing one thing. Text warp/distort as the OP has demonstrated. In the illustration attached, the character design was done almost entirely in AD, but I had to export the file and finish it in illustrator for the typography.
It seems this request has been on the board for some time, and I am not sure how far down the roadmap it will be. I really do feel this is a very important productivity tool that should be in any design software tool kit.
I suppose I could hand design the text distorts but for most applications it's just not an efficient use of my time (unless I really want custom type).
I may just purchase the desktop version anyways and hope that the feature is added soon... I really want to support this software, I think you guys are doing a great job on features up to this point.