The question )mine) is what the difference does it make. You buy what you want/afford - end of.What less stuff? That's the real question here. The rumors suggest it will be as capable as the regular 16.
Sure one camera less, but you'll still take perfectly good photos. I for sure am not missing an extra camera on my XR. Doubt most people care about it.
could easily load up a mini case with A18 and same 5.4" all-screen OLED display at 1200 nits brightness, call it SE4.