I still think you should give this one a try. Unless, you’re goal is not like having an actual solution, but doing this project as a hobby, and throwing some money at it. Which is also fine, I’ve done the same before.
Testing one or two of these media severs will cost you some hours of your time. Anything other will take much more time, effort and money.
Yeah, I was also wondering about the transcoding. And thanks for the power draw comment, great to know. Sounds manageable.