This seems like a great deal for under $1.4k. AMD version is better than Intel in terms of performance and efficiency, but you lose USB4 which I don't think is an issue for most people as USB 3.2 Gen 2 is still plenty fast for most use cases including docking stations.
Other cons include no sd card slot and soldered RAM and wifi module.
RAM could be an issue here as it's not upgradeable and the GPU reserves around 1-2GB so you will have less than 15GB usable. But at least it's not 8GB…
It's worth mentioning that it comes with 3 years on site warranty as well.
There's also the exact same model with WWAN for $60 more: https://www.lenovo.com/au/en/p/laptops/thinkpad/thinkpadt/thinkpad-t16-(16''-amd)/21CH001SAU