Derbauer did some power limit testing which you can find on his Youtube channel. Cutting down the power is a great way to keep a lot of the performance but dropping the consumption by huge margins. It's something like 10-20% performance loss for 50-66% less power.
To see Intel give such a huge performance uplift from the 12th gen is really impressive. Kind of tells me that Alder Lake was setting the stage for the new platform, but that Raptor Lake was where they really wanted to be. I want to see the 13700K numbers so that it can be compared directly with the same core count as the 12900K. The 13600K (for a new chip/platform) gives great value, esp. if keeping with DDR4.
I can't justify an upgrade from my current 9th gen for a 4K gaming only setup, but man is it tempting to play with new toys. Can always sell the old stuff to recoup some cost as well.