I'd suggest separate systems for NAS and media serving.
I've a Ryzen Embedded system with lost of RAM as my NAS box and a small Intel N-series based system as my Plex server that pulls media off the NAS box.
I've a Ryzen Embedded system with lost of RAM as my NAS box and a small Intel N-series based system as my Plex server that pulls media off the NAS box.
(You might want to upgrade your transcoding box to a newer generation processor that supports, say, AV1 encoding.)
And FWIW my Ryzen Embedded system isn't especially low-power by design, it was just the most accessible way of getting ECC memory for me.
Can do the same with various GPUs, but Quick Sync tends to be the lowest-power and most well-supported at the software level.