I like my iMac 2020, but I'm not sure future iMacs are for me anymore.
In the work I do, RAM, SSD, and display size are the most important considerations when buying a new desktop. CPU and GPU are less important, because they are fast enough anyway. Apple's approach to RAM is particularly concerning. While most desktop CPUs from Intel and AMD support 128 GB of RAM and Intel is bringing 256 GB to high-end consumer desktops, the M1 Pro/Max Macs are currently limited to 32/64 GB. We will probably have to pay workstation prices for any Mac that feels like an upgrade from the 2020 iMac for at least a few years.
Do you mind if I ask what you’re doing? I have a hard time imagining what sort of work requires 128 or 256 GB of RAM where CPU and GPU are not important. It takes a lot of horsepower to crunch that much data.