Once you are converted to functional mind, difference between a constant and a function that returns a constant is very subtle. When you use combinators a lot, you no longer think functions as something "invoked" or "called" in the similar sense as in procedural languages.
A possible pitfall in this case is that Arc is dynamically typed language. I usually program in Scheme, but when I'm passing function-returning-function-returning-...-functions around a lot, sometimes the 'one-function-level-off' error becomes hard to track down. Implicitly promoting a numeric constant into a constant function possibly delays catching this bug (since it masks the function level difference) but I doubt that it makes situation much worse. I think optional type declarations and type inference would be a lot of help.
I mentioned elsewhere on this thread that I think this is the right design decision given Arc's design principles, but that those design principles are flawed. In my experience, bugs resulting from implicit coercions are rare, but they're also really difficult to track down. That was a major reason I switched from PHP to Python.