Is it that far behind? Benchmarks aren't everything, but it's probably as good as other metrics. A14 is ahead of SD888 in Geekbench (which has historically favored Apple CPUs), and behind on Antutu (which is more considerate to Snapdragons).
Benchmarks aren’t everything as you said. I used to have the last gen MAcBookPro with Intel for 3 years, and replaced it with M1 MacBook Pro. It’s almost an apple to apple comparison as they are same spec except the new processor. The difference is night and day. It just simply feels faster to use. It last almost 1.5 workdays of my use, while the intel one would not even last one full work day. I don’t need to lug around a power brick anymore. I charge at home and bring only the Mac to work without feeling anxious about battery.
The cost I pay is that building x86 Docker images are quite slow on M1, but I don’t do it that often to bother me much.