I opted to go with a WMI Event Sink rather than polling the Event Log. I've never done a benchmark to see which architecture would use less CPU, but I can say the WMI event sink causes nearly instantaneous reaction.
As an aside: I'd love to hear if somebody tries ts_block on Windows Server 2022. It works fine on 2012 R2 thru 2019 but I've never tried it on 2022.