[geerlingguy]

Not to ding that board at all (because it is quite nice), but adding on a power adapter (like Pico PSU for $30) and a cheap NVMe SSD (Kingston for $20) brings it up to $175—which is not that much more than the $127 entry for the 4GB Pi option—but it is closer to a $200 price point.

The overall build footprint will also be larger, and you'll have to pick up a set of SATA cables ($10 or so for four) and possibly a case or bracket to support the drives ($10-20).

It does have 16 GB of RAM (Pi tops out at 8GB for $147), the CPU is faster, and it has 4x 2.5 GbE which is a huge upgrade!

But I wouldn't quite put a mini ITX motherboard in the same price class, even though it's a better all-round board for a 'homelab in one box' type of setup.