This is an interesting line of inquiry. In the gaming console world, a similar principle has been explicitly espoused by Sony in the decision to only go with 16GB of RAM (a smaller factor increase than any previous generation) for the Playstation 5, as the speed of its custom SSD architecture should in theory make that 16GB go a lot further than it would have with a more traditional design.
That's when playing backwards-compatible games (PS4 games on PS5, and Xbox / 360 / One games on Xbox Series X) as Microsoft spent more time optimizing their console to play old games. PS5 loads next-gen titles significantly faster than the Xbox Series X due to the 2.5x faster SSD.