I've been poking at this a little and I discovered something. I was doing some backup job testing (run full backup, delete, repeat) and noticed that when I'd written a ton to my TrueNAS and then deleted files that were likely cached in the ARC, the ARC would report that it was empty, but the OS Wired memory stayed the same. So for some reason the OS is not realizing that the ARC is releasing the memory. But the memory is free and when I run another backup job it immediately starts rebuilding the ARC and the Services usage decreases accordingly.
I guess that's more of a FreeBSD problem? I think the UI widget is just pulling info from top. WIRED - ARC = SERVICES is what appears to be going on.