I just happened to see a parallel conversation on this topic, and went back to lookup an article for my response... this seems like another thread where that link could be relevant:
YouTuber Luke Miani converts a 2014 iMac into an external monitor.
Executive summary: We may not be able to use Target Display Mode... but with a little hardware modding, that perfectly viable screen doesn't necessarily have to go to waste.
Of course, the "perfect" mod in my
want-to-have-my-cake-and-eat-it-too mindset would be one which enables me to switch between displaying a signal from my existing internal Mac hardware and displaying one from an external input. In Miani's build, he basically guts his iMac entirely to perform the conversion; there's no longer a "Mac" in that iMac shell when he's done with it. It's absolutely fascinating stuff... but it also kind'a hurts my heart just a little bit to watch.