The assessments of OP around Crypto/Equihash are not in the mistakes category, that seems to be a lack of knowledge on ASIC side, IMHO.
FPGAs and ASICs are very closely ralated, and FPGAs are generally used to prototype ASICs. But the statements below made by the OP shows that he has been removed from the industry for far too long.
I really wish people would stop calling FPGA's ASICs. Baikal (so far) has only made FPGA mining rigs. There is a huge difference between an FPGA and an ASIC. An FPGA is not that much different from a GPU. Anyone can get one. Anyone can buy a Zynq FPGA board from digikey for $89-$199, or a higher end one for more money, and if you take a little while to learn how to program it, you can hash any algorithm except equihash & ethash. Furthermore, your ROI will be better than a GPU in almost every case, in some cases dramatically better (as Baikal showed with the X10 and Giant-B).
If you want evidence of the OP's claims, there's none for now and you will have to wait until May 30th.