50W is way more than I am willing to operate. I want it to be extremely low powered. I think that a 2.5 inch SSD might be a better fit for me then, maybe M.2 if there's a adapter for the PI.
SSD and low cost is still possible, but one has to make compromises in terms of storage size. A 1 TB network drive would be enough for my use case, be it 4 x 256 SSD's or one big.