Of course. That's the benefit of the mini. Once your iMac is done, out the whole thing goes. But if you keep it for 4-6 years (or 8+, like my dumb ass tends to) won't there be advances in display tech in that time that makes it all a wash? I don't know, I'm asking.
Everyone's situation is different, so no one line of thinking/approach is going to be the best for everyone, but for someone like me who tends to keep things a really long time, by the time I did upgrade a 24" iMac - 2028ish at the earliest - there will be a better, sharper, clearer, higher-resolution, faster, brighter, smoother, etc. iMac by then anyway.
If you get a new computer every 2-3 years, then yeah...a Mac mini, paired with a really good third-party display, makes more sense. Just upgrade the mini for ~$800 every few years, absolutely.
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