It's staggering to me that people keep making these "rich" data formats without sum types. At least to me, the "ors" are just as important as the "ands" in domain modeling. Apart from that, while you can always sort of fake it with a bunch of optional fields I believe that you kind of need a native encoding to a tagged union if you want to avoid bloating your messages.
as for the wire format, a variant struct where you've only instantiated a single field will encode down to just about the minimum amount of information required.