Weirdly , I think the chevron works. But instead of adding all of the extra stripes , I think it would have been better to make the chevron a single color.
Gilbert Baker, before he died, added a lavender stripe to the original flag to for ‘diversity’. I say we blend the chevron with Baker’s vision and have it be a singular lavender color
That said, while I think that would be more aesthetically pleasing, I have come around on the progress pride flag in the same way that I like the flag of Maryland. It’s so busy that it’s circled around from being ugly to charming.