No way...
I don't need a high-end colour accurate display, it's for working in a DAW for music production.
Just looking for a decent 27" monitor, nothing more, $400 - $500 tops.
Problem with the 4k vs 1440p issue is: complicated issue is complicated. It's also somewhat subjective & dependent on what you are mostly using your computer for.
I wrote a long screed about it here:
https://forums.macrumors.com/threads/psa-4k-display-resolutions.2345906/?post=31127104#post-31127104
TL
NR is that: many people want to run their 4k display in "looks like 2560x1440" scaled mode to get the same sized system fonts, icons, menus etc. as the default setting on a 5k iMac.
That is very effective in general use and gives a far sharper image than you'd get from an actual 1440p display. However, this places extra load on the GPU/VRAM (which may be a problem if you're doing 3D or other work which already stresses the GPU)
and stops you displaying photos etc. so that 1 pixel in the original corresponds exactly to 1 pixel on the display (which may be an issue if you're doing a lot of photo editing). Both of these can be avoided by using the (usually default) "looks like 1920x1080" mode - at the expense of making system fonts, icons, menus etc.rather large (whether that means "too large" is one of those subjective, "your mileage may vary" things).
Since you're not earning your crusts from photo editing or 3D work I'd recommend a 4k display if you find one in your price range. It's far more versatile. 1440p would get the job done, and maybe save you some money, but it's going to look really fuzzy alongside a 5k iMac. I don't think the GPU load would be a problem unless, maybe, you got the cheapest 5k iMac - and you still don't
have to run it in scaled mode.
(Note: the video you linked was someone using demanding 3D software on a Mini which
was struggling anyway. They had a good reason for sticking to 1440p).
You might also want to consider what your display needs will be if you come to buy a new Mac, since the 27" iMac option is now off the table & you'll be looking at a Mini, Studio or MacBook + external display.
I personally like the Huawei Mateview 28.2" - which is the same width & pixel density as a 27" 4k but with an extra 2.5" high strip added on the bottom. Unfortunately, I don't think it's widely available in the US.