I'm not sure what TB now means to macs.
It used to be "external" pciE-lanes, that you could attach pciE-devices even without internal pciE-slots.
Now, with AS, dGPU is disabled via TB aka via "external" pciE.
Is there even more limitations now?
If there isn't, then if AS-MP will be the same than Studio, but pciE-devices that you would attach to Studio "externally", you can attach to AS-MP "internally", what is the difference other than some aestethics that you need only one box instead of two?
Limitations of using TB as pciE might be just branching. Like with newer low end mbp's, which can handle only one external display. If you could just add eGPU and 2-4 displays to that, that limitation would be meaningless.
To me, the clever way to configure new MP, would be expandability. Same way that you have had a multiple levels of cpu cache in the past (L1, L2, L3, etc.), you could have multiple levels of RAM and other things like storage.
Apple could have brought Fusion Drive (fast expensive small ssd + slow cheap large ssd) to modern macs a long time ago, since it had already developed it a long time ago.
Instead Apple chose to sell world's fastest ssd to millions of users to hold their photos and music, which would be fine with 1% of the current mac's ssd speeds. And beacuse of that fast ssd is so expensive, many people buy a new mac a whole lot sooner, when they need more storage. Or buy more iCloud. Good business.