....my current set up consists of a 2014 quad core MBP 2.5ghz i7/16gb/512 SSD....I feel like I'm torturing my MBP; the fans are working like crazy all day long....I have pretty much set my sights on consolidating all my current Apple hardware and exchanging it for a iMac Pro. Buying a current iMac would probably be a 1 year replacement for the MBP, with the Mac Minis still taking a share of the workload.
The 2014 and 2015 MBP are quite loud under modest CPU loads -- much more than an i7 iMac from 2013 to 2017. I can understand you wanting a quieter machine for your audio production work. A 2017 i7 iMac 27 would be significantly quieter than your MBP. I know this because I own a 2015 and 2016 MBP, my coworker has a 2014 MBP and I also own a 2013, 2015 and 2017 iMac 27. I use all these for professional video editing. The 2014 and 2015 MBP are quite loud under modest CPU loads. The 2016 MBP is a little better but louder than the 2017 i7 iMac with both under moderate loads. The MBP has to work so much harder that the fans spin up quicker than an iMac.
This thread title is "new iMac is a lot noisier!". Than what? According to the OP video it's noisier than "last year's iMac". What he didn't clearly say in that statement was he's comparing last year's i5 iMac 27 to the 2017 i7 iMac 27. This in turn led many people to the false conclusion that the 2017 i7 iMac is louder than previous recent i7 iMacs. It is not. It is not louder than my 2013 i7, nor louder than my 2015 i7. In some FCPX workloads it is quieter than the 2015 because transcoding is more efficient.
There is pretty good evidence the 2017 i7 can be louder under high CPU loads than the 2017 i5, but that is not new. This has been the case for years. What is new is this thread's sudden awareness of this fact. This was typified by the OP video which was based on a lack of experience.
Another new factor is the 2017 i5 is now fast enough on certain workloads to equal some previous-generation i7 iMacs. If that is adequate performance for your case, then get the i5 since it is less expensive and may be quieter under high loads. Whether it actually IS quieter depends on your specific workload. Your software and workload may simply run faster on the i7 without any significant noise issue -- there's no way to know without testing. OTOH if the i5 is fast enough this reduces some noise concern. If I was using an iMac for an audio workstation I'd carefully evaluate this area.
But either i5 or i7 2017 iMac will be a lot faster than your 2014 MBP and both will be quieter.
Re the iMac Pro, unfortunately we don't know much about it, esp. regarding acoustic noise and whether it supports hardware acceleration for video transcoding. For my video work I was not impressed with the 12-core Mac Pro D700 -- it was quiet but without Quick Sync it was much slower than my 2015 or 2017 iMac on H264 transcoding or editing. However if the iMac Pro has some solution for this I might get one when it's available.