So would you say that the M1 Mac mini is a steal if one is looking for a faster machine to edit with? I'm not looking to upgrade yet as I found out with rendering my first ever video. But it seems so crazy to have a cheap mac that outperforms a machine that is much more expensive.
Having been burned a few times with new 1st gen Apple tech I tend to say NO to 1st gen tech unless you have to.
I'm not much of a first-gen buyer myself, but I had a 15" MBP I had used for work I wasn't using so trading it in got me the M1 Mac Mini for $73.
That said, it is my first desktop mac in quite a while and my main computer is my 16" MBP. Its performance is very similar for most uses. When I render 4k h.264 stuff it is roughly the same. That is observed versus actually benchmarked. AS
@EvaWar mentions, you do see a difference in h.265 with the M1 getting an edge.
However, nether comes close to the performance on my PC with a GTX2080ti.
That said, your question was price/performance and I would say the M1 Mac Mini ($799) wins handily there versus my MBP ($2500) or my PC ($3000). I would also note I am seeing continual performance gains as companies optimize their software for the platform. Davinci Resolve Studio 17 Beta 7 added some performance improvements and bug fixes that are making it feel even faster.