First Time Mistakes – Now Rebuilding My TrueNAS the Right Way (Help Needed!)

Just try to use client side transcoding for Plex. (as I remember you can set it up in the settings menu)
In that case the servver will send the full, 4kHDR stream and your client will transcode it to the resolution you want to use.
(SO no need for any additional HW on the server side only higher upload bandwidth on your ISP side)