Wow, I'm surprised this took this long to come out! The raspicam/raspivid ecosystem is huge and without hardware h264 encoding it is absolutely dead in the water. This makes the rPi5 a neutered bit of hardware and the rPi4 (and even the rPi3) better options for quite a number of applications!
I'm not sure how you could get to that conclusion from the link?
>[...] but actually it only takes around 1 processor to encode 1080p60 with our default settings (which is still better quality than the PI 4 hardware encoder)
Power consumption is worse, yes, but that is not a huge issue for the raspicam/raspivid ecosystem you are talking about.
If anything the price is a huge issue, so just buy the pi4 if the hardware suffices or the 5 if you need something better.
