Thanks for posting that.
I was curious about this myself, specifically about how much less the power consumption would be for the slower processors.
I knew that the Late 2009 to Mid 2010 27" iMacs would consume a lot more energy than a modern monitor, but depending on the usage, it still could worth it to some to use an existing iMac in TDM than to buy a new monitor.
As for buying an iMac to specifically use in TDM, it probably wouldn't be worth it for most people, unless they really like the iMac aesthetic or didn't use it that often.
For myself, I was thinking of retiring a power hungry 2006 Mac Pro 1,1 that I current use as a Plex Media Server, and replacing it with my M1 MM. But, this wouldn't happen until I replace my M1 MM with a M2 MM or maybe a next generation Mac Studio when it comes out.
My Mac Pro is currently headless, sitting in my cold basement, and I would probably keep my M1 MM headless as well, but I thought about maybe getting an old Mini DisplayPort iMac to use as a display when I didn't want to use Screen Sharing.
I even thought about using the old Mini DisplayPort iMac as my Plex Media Server until I figure out my next iMac. Use the iMac as a display when I need to, but mostly run it with the display sleeping.
Wonder what the power consumption would be with the iMac on, but the display a sleep?