Hi @pjbrooks - you only need a fast CPU and/or GPU if you are doing lots of transcoding to clients. Are you? Whenever possible, its best to avoid transcoding - certainly you should avoid that on your local network unless you have devices that don’t support the codec.
I bought a P2000 specifically as I didn’t want to mess with driver hacking to unlock more than 2 simultaneous transcodes, and I also wanted ESXi support. If you don’t mind doing some unconventional trickery, you can buy a much less costly GTX 1050/60 and unlock the driver to get unlimited transcodes, and much of the performance of a P2000. If I were doing it all over again, and wasn’t virtualizing, I’d get a GTX without hesitation. Obviously a big YMMV should nVidia close this loophole, but it should work with the matching drivers indefinitely. (https://github.com/keylase/nvidia-patch/blob/master/win/README.md / https://github.com/keylase/nvidia-patch)
Now - for H264 at any resolution, or HEVC/h265 at 1080p or below, the P2000 with Plex as-is is a fantastic card. Benchmarks (by others) show that this card should handle 20+ transcodes without breaking a sweat.
As I’ve said above, 4K HEVC seems to be a different beast. I know the card is capable of at least 4 simultaneous 4K HEVC -> 1080p transcodes based on what others have done, but I have struggled to match that in my environment with Plex. WIth the latest Jellyfin though, I did manage 3 simultaneous transcodes, and probably could have done a 4th if I had another client to test with.
If you aren’t planning on 4K HEVC, there is no need to hesitate. (many will say you shouldn’t be transcoding this material anyway as most of it is HDR, and Plex can’t tone map (yet))
At any rate - the card is definately a beast. If all you are planning to do with the computer is Plex, you might go with an older motherboard so you can use cheaper DDR3, and get more of it. You might also get a better bang for your buck in terms of the CPU.
Consider power consumption as well - that is where newer kit will be better (usually).
Hope this helps - reply back when you decide what you are going to do.