Well that is reassuring 
Do not trust the AI when doing research. Make sure you follow up anything it states. You did right to come here and ask this question.
At face value this sounds good. I’d likely even want to build it. Download the User Manual and read it. You have two M.2 slots, one NVMe and one NGFF. These are not the same and I suspect you can use either one but maybe not both. But I have not read the User Manual.
For streaming video content, so long as you are not needing Transcoding, you should be fine.
If all you are doing is a Basic NAS, absolutely no Apps/VMs/Jails/Containers… You get the point, then I do not see why this would not work in a well ventilated case.
I too would buy at least 16GB RAM (make sure it is on the QVL) or if you can afford it, the 32GB RAM, to go with it and pair that with a 64GB to 128GB SSD boot drive, whatever is the least expensive. A boot drive does not need to be very large in capacity nor speed. You could use M.2 or a traditional 2.5" SSD.
As for the storage drives 4TB SSDs, if you buy cheap here, you may have problems like others with a lot of failures. The company may honor the warranty but it could be a real pain in the butt in the long run. So factor that in as well. My SCALE NAS is all NVMe. Power consumption is low and I’m happy, but I purchased 4TB NVMe drives when they were at a great price and from a trusted manufacturer.
I’d like to see those calculations. You should only factor in the warranty for the length of time a drive will last. SSDs have a finite amount of erase cycles, whereas a spinner does not. Most of us have spinners well beyond the warranty period. I have 3 drives out of 4 which are about to cross over 60,000 hours (6.8 years) and that fourth one from the original purchase failed last year, still 4 years after the warranty. And power consumption is less with SSD however the cost difference is difficult to see it saving more money in the long run, but I do not know how expensive power is where you live.
I’m not trying to shoot you in the foot for building a complete SSD machine, it could be nice and small, power consumption could be low, but the purchase price could be high. I’m really asking you to think about SSD or HDD.
I left out that a SSD system would be very light whereas a HDD system would have some weight to it.
If you build this, love to see a complete parts list and photos of the system, and an evaluation on how it works.
Look into a Pico Power Supply if power consumption is a real factor.
I laughed when I read this, considering the 4TB SSDs you would purchase are not cheap at all.
One thing you should remember and I say this a lot: Drives and Fans are consumable items, they will fail. The rest of the system should last at least 10+ years. Put your money where it counts, buy quality components.
If you really are shooting for low power, and can wait a while, an ARM processor would sip power. TrueNAS can run on ARM now, basic functionality has been talked about. Watch the recent TrueNAS Tech Talk video on YouTube. I’d consider it myself if I had an ARM computer available, but I do not want to purchase one just to play with TrueNAS.
Good luck on your adventure.