I was in a similar position last fall. I had a 2013 Mac Pro (trashcan) with 64GB and a 1TB SSD. With the announcement of Apple Silicon, I debated waiting for a more functional M1 chip, more RAM, more speed, and decided that one can wait forever and there always will be something new on the horizon...just out of reach... and one will NEVER upgrade. I am conservative when it comes to computers (not politics) and worried about my aged 3880 printer and all my photo programs and plugins. I decided on a 2020 Intel 27" iMac with a big SSD and lots of RAM (from OWC-saved about $1,000 over Apple's prices). At this point I'm not looking back. In 3-5 years (I hope I'm still around) maybe the Apple Silicon will have matured but for my purposes, mainly photography, the Intel chipped machine seems fine. I'll let others cut themselves on the bleeding edge. And I'm the guy who bought his first Mac on this day, April 18, in 1984! It had 128K single sided floppy disks and 128K of RAM. Things are just a bit different today.