Maybe if you're super casual or don't care for time. I still don't think its a great idea linking a console with Game Pass with 500GB storage. Or like you said play only one or two games at a time and have that installed. You'll be whipping out the hard drive for cold storage in no time. QoL is worth it for the extra $200, among other things. Its worth weighing in your options before going in.
My 2TB in my PS4 is ram full and I still have issues with space. I swapped out the storage as soon as I could.
500GB was so small in 2013 and in 2020 its tiny. Hell, even 825GB and 1TB is small.







