The mobile and embedded X86 chips have closed the gap a lot in power consumption since the PI first launched.
Now you can even get laptops with broken screens for free, and just use their motherboard as a home server alternative to a PI. Power consumption will be a bit higher, but not enough to offset the money you just saved anytime soon.
https://www.insidemylaptop.com/wp-content/uploads/2018/03/Le...
The big pain with using something like this would mostly be the IO and odd form factor.
Which is basically just cutting out the middlemen in a transaction that might cost $100 on eBay.
Used corporate laptops are particularly cost-effective if you're interested in running Windows, as unlike Intel NUCs and most SBC products, they typically include hardware-locked Windows 10 Pro licenses which can be upgraded to Windows 11 Pro for free.