A small group of sheltered bungalows I know of were converted from electric night storage heating to an air-source pump system, about 7 years ago. Results have been mixed.
Some people are satisfied with both efficiency and bills, others have found they are never warm enough and water never heats above tepid. One person’s system has, after years of problems and enormous bills, been found to have been incorrectly installed. (I think there are question marks about the general quality of installation in this particular project).
Installation was extremely disruptive in these very small bungalows. Under-floor heating was not installed. The large outdoor fans (?) seem to generate a lot of condensation, and trays and pipes have had to be installed to take the resulting water down to ground level, resulting in patches of ice in very cold weather.
All in all, and taking into account possible installation faults, these results would dissuade me from installing this system as a replacement, but not necessarily from incorporating it into a new-build, which sounds much more successful.