<silly_question> Does it work for plists? For alists? </silly_question>
Can the user write methods to add his own structures/classes/constructs to the set understood by REF?
More seriously, this function seems to me to be an over generalization, distorting CL style. Built into the numerous built-in ways of supporting data in CL are assumptions about the efficiency and scaling of the various kinds. Although efficiency might not matter for particular low-bandwidth operations, in other places it will certainly matter. That's obvious. But even more important is that use of an over-generalized reference operator makes the code harder to read and understand. If I see an aref, I know I'm looking at an array, understand something about the expected performance, and know what to look for elsewhere in a huge module to examine where this array is constructed and modified.
For me, traditional CL operators have a nice, time-tested balance between generality and specificity.