Indeed, this is absolutely not “Photoshop on iPad” as stated and promised in the lead up to launch! You must quickly include the Pen tool to create paths as this is a basic essential of compositing! Please do this quickly. Thank you.
In Photoshop (desktop program), I use the pen tool to draw a path on a photo and then apply a layer mask to cut it out. It's the best and most precise way to cut out a photo. The apple pencil would make cutting out photos so much easier, if only the new Photoshop iPad App would incorporate these features.
I just did a ton of updates to use Photoshop for iPad so I could finally use the Photoshop Path tool on my iPad. I was very disappointed that paths aren't yet supported, that was literally the only feature I was looking for. Please bring paths to Photoshop for iPad soon.