You'd need to generalize stacks to full-fledged region analysis to see any real benefits, but only MLKit has taken it this far IIRC.
Nothing's impossible I guess, but this kind of global datastructure reshaping is definitely far beyond the state of the art in Java JIT compilers.
My mistake--I thought "regions" meant some sort of interprocedural "code regions".
I suspect the state of the art in GC has moved in the last 15 years since this paper was written, and they might have trouble beating modern techniques, but that's speculation.
Escape analysis is a degenerate region analysis, and many of the cases where it fails because it's not general enough would be handled quite well by regions.