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I mean, that's fine if that works for you, but consider more than just your current situation. If you ever wanted to upgrade it or it ever failed sometime in the future, you'd be boned. Personally I have had RAM fail and it cost me about $8 and 10 minutes to repair, rather than several hundred dollars replacing the entire machine.
Sure. I just don't see myself needing more than 8GB RAM, especially w/ fast NVMe drives as swap. It's a simple NAS running Jellyfin (max 1-2 clients) and a handful of other services.
If I need more RAM, chances are I'll also need more CPU as well, in which case a larger upgrade is in order. If I truly only need more RAM, I could pretty easily move some services to an SBC like a Raspberry Pi.
It's certainly a bummer, but not a deal breaker. If the price is right and I can find inexpensive enough NVMe drives, I can compromise a bit on RAM.
These won't be fast, as detailed in the OP:
PCIe 3.0 is 1 GB/s per lane. So nothing life changing, but still reasonably fast (way faster a HDD). If you rarely need swap, you should be fine for the few times you do.
Fair enough, mate. Good luck.