This is of similar usefulness as the MacBook made in 2016, with the m3 CPU (not M3, Intel m3). It wasn't a screaming machine by any means, and it only had one USB port... but it was good enough for most things, like basic Web apps, PowerPoint, Excel, etc.
I am thinking about the Neo + the TouchID scanner upgrade.
The Neo is about the cost of a decent tablet, offers decent functionality, a USB dock can be added so it can be plugged into a basic keyboard and monitor setup. This is ideal for taking a personal PC with the business laptop on a business trip. (I always keep my personal stuff on my own device.)
For this, it is ideal, and if it gets lost or stolen, iCloud Lock provides a decent defense of the data present combined with benefit denial.
Is this better than an 11" iPad? I prefer the 11" iPad with a keyboard because it is easier to wrangle, and some laptop cases have a spot for a tablet. The tablet is definitely more secure, with its built in cellular connection. However, the restrictions on workflow on a tablet compared to a desktop OS can get annoying.