No thunderbolt is a big no for me. Its one of the greatest feature of MacbookPro that makes it dockable and expandable as a desktop with a good thunderbolt dock.

Thats also possible with usb-c.

With some caveats, you wouldn't be able to connect two 4k monitors to a dock without TB5.

USB 4 v2 has the same display capabilities as TB5. In fact, TB5 gets its display capabilities from USB 4 v2