It's simply a matter of using one of the lighter Wayland compositors, none of which have been tested in the comparison you linked.
So, Wayland will kill off using GUIs under Linux on old systems. Even with 2G memory, if running Wayland, you will hit swap a lot unless you are just staring at an empty screen.
Now I do not know what sway uses, but my guess is it must be at best a bit less than 1G.
Under Linux, the only option is X on old systems. But as I mentioned, NetBSD along with OpenBSD will work quite well on these old systems.
So it is my belief, Wayland will push retro computing people off of Linux to one of the BSDs.
You're free to find or create benchmarks of lighter Wayland compositors and prove me wrong, of course.