It’s mid range at best - better than a base iPad in that it has 2x the RAM, a laminated display, Pencil Pro support and an A series Pro processor - then again, it often lags behind the Air which is the true mid ranger in Apple’s lineup. The Air 6 the chip from the previous iPad Pro, while the Mini is using a previous phone chip. It should have the current phone chip given this - and statistically will be left unchanged for longer the Air, making the use of the A17 Pro even worse. The Mini will look even worse if the base iPad moves away from standard A chips.The iPad Mini is priced premium, but is not a premium offering in terms of its specs
Most notably, the screen, which is the #1 component of importance for a tablet
Mid range should be 90HZ, while the Pro is still on 120.