Hopefully the Black arowana hits a growth spurt soon. You are doing all the right things for your arowana.
It does seem that way but in that you've had some challenges wrt Arowana in the past let's take a deeper dive here just for fun. Only you know what the actual conditions are so anything you read from me or the others here may be guesses. Here we go...
- The fins on that baby Aro have a tattered edge and they normally are smooth. That tattering usually comes from the fish freaking out over something and in the ensuing frenzy fins take a beating.
- There are toys on the floor in the background and I'm guessing you may have a young family. If kids are flicking on the light in an otherwise dark room, occasionally giving the tank a smack or even just banging into the base of the tank while playing truck and tractor games or other similar kid stuff know that the Aro is a one trick pony and will attempt to bail out of any situation that gives it a scare and that, too is a frenzied attempt and can be reflected in damaged fins.
- I'm guessing you're being careful of temp matching and you don't have a crazy pH that conflicts w/ its native waters.
- I see you're feeding it a Hikari floating food but also have what looks like it might be Massivore as well. Aro's aren't big fans of grabbing food off the bottom so if you toss Massivore in every once in a while I'd stop doing that unless you already know he really likes it.
- If he was 5" when you got him and now he's 7", that's a 29% increase in length which in my view is not indicative of a problem.
IIRC though you've lost at least a couple of these prior which is normally an indication that something's amiss. Keep the group posted and we'll do what we can to help walk you through anything we notice.
When you walk up to the front of the tank how does that little fish respond?
Does it wig out when your kids go up to the front of the tank?
Does it have any marks near the top of its head to indicate its been pinging off the underside of that lid once in a while?
For a tank that doesn't have a light on top those plants look pretty awesome which I'm guessing means they may be plastic. That's a deep tank and he should only be using the top few inches so if those are plastic they're not doing him much good. I might be inclined to yard them out (if they're plastic) and replace them w/ branches or similar (no sharp pointy ends) and while I was at it I'd probably ad a floating plant. Floating water sprite I've used for baby Aro's w/ a lot of success. The'll be happy w/ Frogbit or Duckweed, etc. but they do enjoy cover. A lot.
If you're tempted to feed live to bulk him up a bit know that it would definitely work but I'd avoid it like the plague. If you've got that fish on pellets now you're far better off in the long run leaving him on pellets. It might take a few feedings for him to figure it out but they will take blood worms for certain and I used the small cubes, quartered them and thawed it initially so mine wouldn't have to learn to take ice with his dinner.
Good luck... this one will last.