Building a dedicated server

I've hosted remotely through a 3rd party for a number of years for my Minecraft community and I'm ready to build a dedicated machine and host locally.

A little more information to help discern our needs: We host a primarily vanilla server on Paper with minimal plugins. During our most active periods of time we have ~20 players online. I also plan to host a creative server (to practice redstone online and share ideas with players), a legacy server (to view old maps), and the occasional temporary map for anarchy hardcore games. These other worlds won't be used nearly as much as our main survival SMP but it's something I want to keep in consideration.

One of my main goals in building this server is to be able to increase the render view distance as far as possible on our SMP world. I've got a budget of ~$800, but while talking with some of my users it sounds like a ~$600 machine might be nearly as effective. I'm essentially debating between a Ryzen 7 7700x with DDR5-5600 RAM vs Ryzen 7 5800X with DDR4-3600 RAM. I'm also open to increasing the RAM on both builds. What do you think about these builds side by side, and would it make any significant difference for our needs, or help to increase render distance?

pcpartpicker builds:

https://pcpartpicker.com/user/Azander137/saved/#view=rXPLyc
vs
https://pcpartpicker.com/user/Azander137/saved/#view=Vwhxf7

Benchmark comparision for single thread processing:
https://www.cpubenchmark.net/compare/5169vs3869/AMD-Ryzen-7-7700-vs-AMD-Ryzen-7-5800X
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