Update: I just bought the LG UltraFine 5K display, and so now my setup is:
16" MBP 5500M w/ display open (scaled to 1440p at 60Hz)
+ LG 27MD5KL-B (UltraFine 5K scaled to 1440p at 60Hz)
+ LG 27UN850-WK (27" HDR 4K scaled to 1440p at 60Hz, rotated 270°)
And astonishingly,
my system is now cooler and quieter than when it was just plugged into the LG 4K on its own.... Makes no sense whatsoever. In fact, it's now pushing a combined
30 million pixels (!!) and is still cooler than when it was plugged in to my other setup, which was a single Dell 25" 1440p display.
My Radeon High Side GPU power draw is stable at ~20W, which is just 2W north of the usual ~18W that it hovers around when connected to a single, lower-res display. Temps steady at ~65℃ with fans at ~2200RPM.
So, something is definitely amiss here. But I'm pretty happy with my setup now that I have all this screen real estate and the machine is running cooler and quieter