The arrow hides the phase
Typical misconceptionIf the Bloch arrow comes back to where it started, the phase must be zero.
Better mental modelThe arrow cannot show the overall phase of the spinor. Interfering the state with a reference arm reveals it.
Loop speed matters
Typical misconceptionThe measured phase is the same however fast the loop runs.
Better mental modelThe Berry phase assumes the spin follows the field adiabatically. At finite speed the exact evolution can leak out of the lower state and pick up other phase contributions.
Phase conventions do not move the fringe
Typical misconceptionChoosing a different phase convention for the eigenvectors shifts the count fringe.
Better mental modelIf the preparation and the evolution are transformed consistently, the overlap of the two arms does not depend on the gauge. The analyzer phase is different: it is a real relative phase that you set on the instrument.