I am several months into the self-hosting journey and I feel I have outgrown my Pi 4 B 8GB. I’m only running around 3 dozen containerized services and it seems to struggle to keep up. But I’m not sure of the best bang for my buck. I’d like good, long-term performance, but I don’t really have a grand lying around for a Lenovo Tiny or Dell Optiplex or ASUS NUC. I’m thinking of buying an SSD to boot from, but will this even help much? For $350-500, could I make a more cost effective homeserver upgrade?

Debatable. Boost through a task and be done quickly, with some more power usage, or chunk along longer with probably more power usage. Would have to be tested, but I’d bet on the boost.

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Yes, it depends a bit, but you can use a smaller ATX PSU if you don’t have to account for power spikes due to turbo boost, and these PSUs are somewhat more efficient when they don’t run at 10% utilization only most of the time. Also allows using smaller DC/DC Pico PSUs that would struggle providing peak power.

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