I have similar issues. I want to love the ipad, really. Ever since it first came out I think I have tried it nearly every two generations, always hoping it could replace my laptop or make my life better. In my head it always does. It feels so much fun to interact with a big beautiful screen. But it is extremely inefficient, mostly due to the lacking software.
The best use it has for me is reading books and annotating pdfs. But I can’t justify spending $1000 on an ereader, and a netflix device in bed. It would also be useful for traveling but again, I can’t justify spending that much for an occasional use case. I know I can get the cheaper ipad, but I don’t want to get a worse screen (size) and refresh rate, and speakers and everything really.
I can justify spending $1000 on a phone I use every day and greatly benefits my life. After 4 years that is an investment of $20 a month, which is worth it. Same with a macbook of $2000 if I use it for 8 years.
But with ipad I don’t use it every day, so I don’t like spending $20 a month for something that is less useful than my phone, which costs as much.
If the ipad pro was $300 I would get it, but it would still feel bad not using it to its potential.