M4 Pro is a great chip - no doubt. I have a M4 Pro mini myself, and it’s a terrific upgrade compared to my old M1.
But my M1 Max MBP is handling all I can throw at it. Sure, I’m not doing LLM with it but if I were, I’d certainly want the speed and memory of M4 Max as an upgrade. For photos & video work, even “2X” performance at the CPU isn’t going to justify the cost difference for upgrading on terms of overall workflow performance changes, unless you’re needing to upgrade regardless (not enough RAM, damaged computer, or in the OP’s case needing a different form factor).
That is certainly a horse of a different color. If your memory pressure is typically green on your current M1 Max, then maybe the Pro will do just fine. If you’re seeing significant yellow/red already, I would not compromise on RAM. M4 Max not being “worth it performance/cost wise” sounds FUD-ish to me 😉 performance vs. cost calculations have to take into account the needs of the user. If you’re limited to 14”… M4 Max 14” will certainly outperform M4 Pro 14”, even before accounting for higher RAM capacity. How it compares to M4 Max 16” isn’t really relevant.
Might be worth just trying out the M4 Pro; see if it’s suitable during the return period.