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Other things that occurred to me:
List is a good example of a non-commutative monad
You mention that
Arity ≅ FinSetº
. This is very close to opposite of Set it seems (see question on StackExchange), which make me wonder what the relation to boolean algebras may be...Whenever the Powerset monad pops up, there are some mathematicians (and programmers) that come up and ask awkward questions, which can get developers quite worried. It may be worth addressing this here and a bit more carefully in this book as a footnote, or as an appendix or as a pointer to a good explanation elsewhere (perhaps @paoloperrone's book).
Note I am really interested in the Powerset functor as the Kleisli category of Powerset is equivalent to the Category Rel of Relations, which is the key category in the definition of the Semantic Web as described by Evan Patterson in Knowledge Representation in Bicategories of Relations.