The concept of "ARP Stand-in" brought to mind Proxy ARP: * https://en.wikipedia.org/wiki/Proxy_ARP
I use MetalLB locally, and it does exactly this for its layer-2 mode: https://metallb.universe.tf/concepts/layer2/
Makes for a great little load-balancer setup on bare metal k8s. I have to lose a LOT of machines all at once for anything to go down and stay down, and my router configs use a known ipv4 address for everything, without having to care at all about which machine is actually handling it.