A shell by design is explicitly made to run other programs. You type in 'ls', 'cd', 'cat', etc. but those are all different programs. A "webshell" can work to a degree as you could potentially upload files, cat files, write to files, etc. but you aren't running other programs under these conditions - that'd be code you're executing - scripting languages make this vastly easier than compiled ones. It's a lot more than just slapping a heavy-handed seccomp profile on your app.

Also merging the address space is not a necessity. In fact - 64-bit (which is essentially all modern cloud software) mandates virtual memory to begin with and many unikernel projects support elf loading.