.2 pounds? Give up that screen and 120Hz, ok.
You forgot the better speakers, better keyboard, etc.
I work on large text-based documents and databases so screen size is more valued to me than refresh rate. On battery I use low power mode so I don’t even benefit from that 120hz rate most of the time. I’ll admit the mini LED screen is appreciable, esp with HDR content.
As for the speakers, I almost never use them. I’m 90% of the time on headphones. And I’m not sure the 14’ keyboard is better than the 15’. I’ve heard the opposite.
Overall, I travel a lot and a couple 100 grams can make a difference.