@George-Spiggott There should be, yes. Although I think (I may well be wrong) only Angrylion via Parallel N64 is the only vulkan N64 video plugin, redream and ppsspp should be fine using vulkan.
There will also likely be some performance gain for using KMS over the current 'fake' KMS once those issues have been ironed out and would happen before Vulkan (if it ever happens!).