Fully agree. I used to have a company issued MBP M3 Pro, and when I switched roles I got myself base M4 Air. Can't complain at all in the past year, I do feel throttling at times when running longer tasks, but for 99% of the time I don't feel I need anything better.

And I do work as a software developer, so anyone doing lighter usage not in this camp will feel the same.

M5 Air should be pretty much the same.