If your budget allows, I recommend you buying an Intel 12th gen i3 12100 with a low tier ITX board with say H610 instead of J5040. J5040 is not a bad chip for its class but it is significantly underpowered.
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I personaly wanted to build my own. The J5040 ist a nice but very slow CPU. If your searching for a Power efficent CPU i can recommend this Video.
Bildung a Power efficent Home server
I use for my Server Just an i3 10th Gen and it is fast enough.
Here is an alternative Piped link(s): https://piped.video/MucGkPUMjNo
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source, check me out at GitHub.
I just built a Server almost using the same parts. Its the ASRock J5040 board, 16gb ram (yes it works) a 500gb m.2 as system using a PCI adapter , 2x4tb ironwolf as ZFS mirror pool, 350 W power supply all in the node 304 fractal case for 550 euro.
Runs proxmox as hypervisor for VM or Container. As example LXC running container for motioneye, jellyfin, pyload with openvpn and syncthing.
You might consider at least a third drive in raid for redundancy. This will allow one drive to die, but you won't be offline while a new disk is shipped.
Depends, in proxmox using ZFS mirror using two drives it goes degraded when missing one.
But would use it carefully tbh as it is all that's left over in that case. If there is no external backup.
Basically that's the exact system I use for my unRAID NAS. Works great for me. I can't speak to the transcoding capabilities because I use a VM on another box for that, but I have a boat load of other docker services running via unRAID and it works fantastic.
I use MSI Z270-A PRO with Intel G3930 and 8GB DDR4 and its running jellyfin and 20+ other services. I think Ill have to upgrade RAM if I continue to add more services, but CPU can deal with 4x 1080p at once. 20-30 W from the wall. QuickSync ftw
If I'm recall correct, Sugo 13 only has single 3.5 slot. I'd say look for Sugo 14 (2x3.5) or Node 304 (6x3.5)
Make sure all of your components fits to the planned case including power supply.