The TS-464 is the right answer if Plex transcoding is the primary use case. The Celeron N5095's iGPU handles four simultaneous 4K HEVC transcodes without choking, and the dual 2.5 GbE ports plus a PCIe slot for 10 GbE expansion give you more network headroom than the Synology DS923+. The trade-off is QTS — functional but less refined than DSM. Power users learn to live with it; casual users may not.
Strengths
- +Intel Celeron N5095 with iGPU — sustained 4K HEVC hardware transcoding for Plex/Jellyfin
- +Dual 2.5 GbE ports stock, port trunking gets close to 10 GbE speeds (~589 MB/s)
- +PCIe Gen 3 slot lets you add a 10 GbE card later
- +HDMI 2.1 output for direct TV playback at 4K 60
- +Two M.2 PCIe NVMe slots for caching
Watch-outs
- −QTS is less polished than Synology's DSM — more menus, less consistent UI
- −QNAP has shipped security vulnerabilities that received late patches in the past
- −Higher idle power than the Synology DS923+
- −Stock RAM is 4 GB and runs warm under heavy transcoding
How it compares
Beats the Synology DS923+ on hardware transcoding and stock 2.5 GbE, but loses on operating system polish. Less raw CPU than the TerraMaster F4-424 Pro (which offers 8 cores vs the TS-464's 4), but the Celeron's iGPU is a meaningful advantage for media work. Cheaper than the Asustor Lockerstor 4 Gen3 and UGREEN DXP4800 Plus while still offering credible 2.5 GbE.
Who this is for
At a glance: Plex/Jellyfin households running multiple 4K HEVC streams who want hardware transcoding built in.
Why you’d buy the QNAP TS-464
- Intel Celeron N5095 with iGPU — sustained 4K HEVC hardware transcoding for Plex/Jellyfin.
- Dual 2.5 GbE ports stock, port trunking gets close to 10 GbE speeds (~589 MB/s).
- PCIe Gen 3 slot lets you add a 10 GbE card later.
Why you’d skip it
- QTS is less polished than Synology's DSM — more menus, less consistent UI.
- QNAP has shipped security vulnerabilities that received late patches in the past.
- Higher idle power than the Synology DS923+.
Rating sources
“QNAP TS-464 review: One of the best compact NAS devices for running Plex.”
“QNAP TS-464 NAS Review.”
Our 4.5 score is the average of these published ratings. More about methodology.
