Problems
The absolute value $r$ is correct, but the angle is not!
You used the wrong formula for the angle...
If you got a complex number $z = a + b \cdot \mathrm{i} = r \cdot \operatorname{cis}(\theta)$ then your angle is $\theta = \operatorname{arctan2}(b, ~a)$. But you used another formula.
If you use $\theta = \operatorname{arctan2}(b, ~a)$ you will get: $\theta = \operatorname{arctan2}\left(\Im\left(\frac{\left(1 - \mathrm{i}\right)^{3} \cdot \left(\sqrt{3} + \mathrm{i}\right)}{4 \cdot \mathrm{i}}\right), ~\Re\left(\frac{\left(1 - \mathrm{i}\right)^{3} \cdot \left(\sqrt{3} + \mathrm{i}\right)}{4 \cdot \mathrm{i}}\right)\right) = \arctan\left(\frac{-1 + \sqrt{3}}{-1 - \sqrt{3}}\right) + \pi = \frac{11}{12} \cdot \pi + 2 \cdot k \cdot \pi$.
better way to approach this
Is there something I am missing, like a better way to approach this?
Yes there is.
But you could also write the individual terms that are multiplied or divided with each other in polar form and then summarize them using the power laws.
If you don't whant to this 'cause you don't like the polar form.
You just can say/use (algebraic):
$$
\begin{align*}
z &= a + b \cdot \mathrm{i}\\
z &= r \cdot \operatorname{cis}(\theta)\\
\\
r &= |z| = \sqrt{a^{2} + b^{2}}\\
\theta &= \arg(z) = \operatorname{arctan2}\left( b, ~a \right)\\
\\&\text{with}\\\\
\operatorname{arctan2}\left( b, ~a \right) &=
\begin{cases}
\arctan\left({\frac {b}{a}}\right) \qquad\quad~~~ \text{for } a > 0\\
\arctan\left({\frac {b}{a}}\right) + \pi \qquad \text{for } a < 0 \quad y > 0\\
\pi \qquad\qquad\qquad\quad~~~ \text{for } a < 0 \quad y = 0\\
\arctan\left({\frac {b}{a}}\right) - \pi \qquad \text{for } a < 0 \quad y < 0\\
\frac{\pi}{2} \qquad\qquad\qquad\quad~~ \text{for } a = 0 \quad y > 0\\
-\frac{\pi}{2} \qquad\qquad\qquad~~~ \text{for } a = 0 \quad y < 0\\
\end{cases} + 2 \cdot k \cdot \pi
\end{align*}
$$
If you use that you'll get:
$$
\begin{align*}
z &= \frac{\left(1 - \mathrm{i}\right)^{3} \cdot \left(\sqrt{3} + \mathrm{i}\right)}{4 \cdot \mathrm{i}}\\
z &= -\frac{1 + \sqrt{3}}{2} + \left( \frac{-1 + \sqrt{3}}{2} \right) \cdot \mathrm{i}\\
z &= \sqrt{\left( -\frac{1 + \sqrt{3}}{2} \right)^{2} + \left( \frac{-1 + \sqrt{3}}{2} \right)^{2}} \cdot \operatorname{cis}\left(\operatorname{arctan2}\left( -\frac{1 + \sqrt{3}}{2}, ~\frac{-1 + \sqrt{3}}{2} \right)\right)\\
z &= \sqrt{2} \cdot \operatorname{cis}\left(\arctan\left(\frac{-1 + \sqrt{3}}{-1 - \sqrt{3}}\right) + \pi\right)\\
z &= \sqrt{2} \cdot \operatorname{cis}\left(\frac{11}{12} \cdot \pi + 2 \cdot k \cdot \pi\right)\\
z &= \sqrt{2} \cdot \operatorname{cis}\left(\frac{11}{12} \cdot \pi\right)\\
z &= \sqrt{2} \cdot \left(\cos\left(\frac{11}{12} \cdot \pi\right) + \sin\left(\frac{11}{12} \cdot \pi\right) \cdot \mathrm{i} \right)\\
\end{align*}
$$