I am a Freelance Graphic Designer working in London. I work mainly in CC versions of Photoshop, Illustrator and Indesign.
The most taxing projects I work on are large events, so stage sets and wall sized posters things like this. Large multilayered Illustrator and Photoshop files. And large multipage Indesign documents with plenty of high res imported images. The largest files can sometimes hit 3 or 4 GB +. I usually have Multiple apps running, all of the above plus MS PPT, Excel and Word, flicking between all these constantly.
The main Q here, or at least i think so is, would the 8 Core Imac pro be significantly better than the full fat i7 5K IMac 2017 in these apps or not.
I am the same, but not the specific job you have, and my files tend to be circa 1GB+.
Just got a mid-level iMac, and it is quite good. Power is always better. I'd have preferred a high-end iMac, and it would make any job easier. Even nothing-jobs are better on faster computers.
However, since you aren't doing video or CGI, I'd forget about the iMac Pro. Unless you want to make sure you will get your work ultra-quickly done for a few $$$ more, just stay with the top-most iMac. Benchmarks of the top iMac are impressive.
Photoshop and Illustrator files can be hogs, and I'd imagine 4GB files are extremely burdensome on any computer. InDesign never bogged down too much even on my 2012 i7 MacMini, aside from loading endless GBs of illustrations. You can always order/get a standard iMac and test it out for a day, and then return it, if you need more power.