Surface Go is nowhere close, half as fast in single core, 1/5th as fast in multicore. The 5W TDP is really a generic number with no real meaning as Intel doesn't really abide by it, I would say it probably uses about the same power as the M1, possibly much more under turbo while also having a much higher power floor (IE: When at idle the Surface go uses much more power)
Keep in mind that the Surface Go is very low-cost and the CPU is at a 14nm build.