That seems like a poorly thought out theory considering the $500 12900K needs 50 watts to beat the 2 year old M1 in single core performance. Whether you're a laptop user or an enterprise server customer you care about efficiency.
where did you come up with the 12900K pulling 50W? The 12900K is a 240W-class processor at full boost, so the M1 is pulling 1/6th the power...
(the 12700K is much more reasonable but the 12900K and 12900KS are a "win the benchmarks" SKU and intel turned everything to 11 to get it over the top of the 5900X.)
For a workload that is optimized on M1 for 10 more watts you get way faster and better functionality than a 2 yo M1 that uses 40 watts and cant even export h264 format video faster than a 5 year old computer.
