I think it quite possible that the MBP16 and iMac27 will have different chips to the rumored MBP14 and iMac24.That is quite a valid point as well. I am curious what sort of a line-up they will come up with. Also agree with you on having more than four efficiency cores being a waste. What I wonder more is whether 16" MacBook Pro and 27" iMac will have different chips or not. There is also chance that both will get the same chip with the iMac one having a higher power envelope.
My guess (and the reason for this thread) is that the latter will have an "M1X" with more cores (CPU/GPU) - maybe around mid-year, and the larger machines will get an M2 (with a higher-performing GPU architecture), towards the end of the year.
IIRC, the Intel iMac 27 has about twice the CPU TDP as the Intel MBP16 (with the i9), so it's certainly possible that the M2 could be produced in different configurations with variations in CPU cores/frequency and GPU power, which would certainly make sense for the iMac. Maybe Apple will use the existing A-series prefixes to denote variations, so the iMac 27 gets and M2X or similar, and the MBP16 has a base level M2....
I don't have any idea whether Apple will offer higher frequency CPU options as per Intel CPUs. They could make money by binning the SoCs, and offering a 200MHz upgrade for $$ (as they do currently).
I would love to be a fly on the wall in the Apple design lab to see what they're really up to! We've already seen in the data center that ARM-based chips can scale to lots of CPU cores, but GPU performance is still unknown, particularly if trying to keep the SoC below about 50W TDP for the MBP16 (a wild-assed guess). GPU performance needs to be about 2-4x better than than the M1 to offer the expected performance increase over the current AMD dGPUs. AMD has done this with their Playstation and XBox SoCs but at 180-200W TDP....
Let's see what Apple comes up with!