I like Will Haley's setup better though, because it keeps everything in the same subnet.
The slowdown from the bridge is negligible, in my experience. After running 10 trials, I found that:
* median ping was 2.4% higher on the bridged pi
* median download speed was 3.6% slower on the bridged pi
* median upload speed was 0.1% slower on the bridged pi
More details about my setup and how I performed this speedtest: https://github.com/dasl-/pitools/tree/main/wifi-ethernet-bri...