I don't know, but I recommend trying it, you might be surprised.
The X100IV is awesome, of course, and if I could afford it, I'd probably own one. But it's more than 2x what I paid for my X-E3.
A fixed-lens camera is built around the limitation of having just that lens. To me, if I only bring the 27mm with me when shooting, then that is exactly like a fixed-lens camera. But it also means I have the option to take it on a bird-watching trip using my Fujifilm 70-300mm lens — something you just wouldn't be able to do with an X100. That flexibility is worth something, which in my opinion makes the lower price of the X-E range even more of a bargain compared to the X100.
Definitely agree with you, I think if Fuji made the X-E range contain an ND filter, then it would be the ultimate every day camera. Whilst the 27mm F2 on the X100IV is nice, being able to go to an even lower aperture can be priceless in some situations.
The X100IV is awesome, of course, and if I could afford it, I'd probably own one. But it's more than 2x what I paid for my X-E3.
A fixed-lens camera is built around the limitation of having just that lens. To me, if I only bring the 27mm with me when shooting, then that is exactly like a fixed-lens camera. But it also means I have the option to take it on a bird-watching trip using my Fujifilm 70-300mm lens — something you just wouldn't be able to do with an X100. That flexibility is worth something, which in my opinion makes the lower price of the X-E range even more of a bargain compared to the X100.