This summarises (https://community.arm.com/arm-community-blogs/b/architecture...):
"The Armv8.0 support for release consistency is based around the “RCsc” (Release Consistency sequentially consistent) model described by Adve & Gharacholoo in [1], where the Acquire/Release instructions follow a sequentially consistent order with respect to each other. This is well aligned to the requirements of the C++11/C11 memory_order_seq_cst, which is the default ordering of atomics in C++11/C11."
"Instructions are added as part of Armv8.3-A to support the weaker RCpc (Release Consistent processor consistent) model where it is permissible that a Store-Release followed by a Load-Acquire to a different address can be re-ordered. This model is supported by the use of memory_order_release/ memory_order_acquire /memory_order_acqrel in C++11/C11."
ARM and power do allow for indipendent reads of indipendent writes (or maybe only power) so in principle an acq+rel fence could be cheaper than a full seqctst one, although I don't know if it is in practice.