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I'd go all in and max out as much as you can money wise. Adding a few £100 now might buy you another year or two of use later down the line. I bought a mid range MBP in 2015 and it lasted me 3 years, if I'd gone all in it would've prob lasted me another year or two. That model capped out at 16gb of ram though which is the bottle neck for that generation.
I'm sure you know, but that is the M1 Max - You can select the M1 Pro option but as you upgrade the chip it ends up the same as if you started with the Max as a base.