Recently in these pages we have had occasion to see the trigonometric identity $$ 2\arcsin\sqrt x = \frac \pi 2 + \arcsin(2x-1). $$ From this we can immediately deduce that $$ \sqrt x = \sin\left( \frac \pi 4 + \frac 1 2 \arcsin(2x-1) \right) $$ This suggests that the arcsine function near the left endpoint of its graph is shaped very similarly to the square root function. Part of this is obvious: it has a vertical tangent and is concave downward.
Sorry ‒ there was a typo in the question. What I intended is what the FIRST paragraph of the question was about; the second paragraph failed to be consistent with that since I left out the π/2 term. I've fixed it now.
But it makes me wonder about $x\mapsto \left(\frac \pi 2 + \arcsin x\right)^2$ near $x=-1.$ Is there anything interesting to say about an expansion of that function in powers of $(x+1)\text{ ?}$