Yeah but these days you can easily have one system with 10 - 20 cores so you should be able to handle both workloads very well.
(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.