There's a another difference that no one has discussed that might actually be a big deal for some people and it's related to standard configurations vs built-to-order systems.
The data below is data from today. It's UK data but in general you just change UK Pounds (£) to US Dollars ($) to get the conversion to US pricing (US $ prices not including sales tax whereas UK £ prices do include tax).
Here's the Apple pricing for a few 14" M5 Pro systems all with 24GB of memory ...
M5 Pro 15C/16G 1TB SSD - £2,199
M5 Pro 15C/20G 2TB SSD - £2,599
M5 Pro 18C/20G 1TB SSD - £2,399
M5 Pro 18C/16G 2TB SSD - £2,799
So, just the standard extra £400 ($400 in the USA) to upgrade from a 1TB to a 2TB SSD and an extra £200/$200 to upgrade from an M5 Pro 15C/16G to an M5 Pro 18C/20G. Nothing to see here.
But, for the 15C/16G M5 Pro model the standard build comes with a 1TB SSD whereas the 18C/20G M5 Pro standard build comes with a 2TB SSD. Again, not very interesting until you look at the sort of discounts you can get even the week after launch via third-party retailers such as Amazon.
Here's the pricing on Amazon UK right now for the 14" M5 Pro MacBook Pro standard builds/configurations (rounded up to the nearest £1)...
M5 Pro 15C/16G 1TB SSD - £2,014
M5 Pro 18C/16G 2TB SSD - £2,558
So now lets look at a couple of buyer situations....
1 - You only need a 1TB SSD and while you're not a power user you're thinking that for that extra £200 you might as well get the higher performance 18C/20G M5 Pro model just for a bit of future proofing. Well, fair enough but because that 1TB SSD is a standard configuration for the lower performance 15C/16G M5 Pro but not for the more performant M5 Pro version then if you were to drop down to that lower spec 15C/16G M5 Pro you could buy your MacBook via Amazon UK (or another reputable reseller) and actually save £385 just for dropping the 3 CPU cores & 4 GPU cores that you might never really need. You might still go for the higher performance M5 Pro version but it changes the thinking from "it's only an extra £200" to "in practice it's actually an extra £385" to get those extra cores.
2 - You want (or need) a 2TB SSD but you know you won't be doing really heavy workloads so are perfectly OK with a 15C/16G M5 Pro. (I confess that what comes next was a surprise to me.) If you stick to your plan then (as far as I'm aware) you'll have to buy direct from Apple since a 15C/16G M5 Pro with a 2TB SSD is not a standard configuration so you'll end up paying an extra £400 to up-spec the basic 15C/16G M5 Pro model from a 1TB to a 2TB SSD and end up paying Apple £2,599 for your MacBook. If however you decided to go for the more performant 18C/20G M5 Pro model you now get the 2TB SSD in the standard configuration so you can go and buy that from Amazon UK for £2,558. By increasing the CPU spec from 15C/16G to 18C/20G you actually end up saving £41!
So, depending on what size SSD you want, how that maps to the standard configurations for the 2 versions of the M5 Pro chip, and how the third-party discounts on the standard configurations evolve or stay the same over time your choice of 15C/16G M5 Pro or 18C/20G M5 Pro in your MacBook Pro might have quite a significant effect on the overall system price - more than you might think by just looking at Apple pricing and with (at least for now in the UK) that (weird to me) anomaly where getting the more performant M5 Pro version actually reduces the overall system price.