Kenshingintoki, I think I might be of a similar mind to you.
I finally got a 4K HDR TV last Xmas.
I have recently tried watching some 4k HDR movies on the tv and whilst the picture is fantastic, for me it’s not a movie experience due to the vast size difference. For example, my son always sees the projector as a major treat even after growing up with it and us using it with him at least every weekend. Even for him a movie on the TV is not a movie.
I watched Joker on my old JVC X3 1080p and then the UHD version the following night on the 4K TV. Totally different experiences, and I preferred the HD projector to the UHD TV.
But for games I’ve found that I just don’t game on the projector at all anymore, the TV is far superior for that and tv shows.
Now if I couldn’t project such a big image and was restricted to choosing between 77” TV or 100” projector with a fixed and equivalent budget it would be a much harder choice for me. In a room that is constrained so much that I felt the need for an ALR screen I would be much more likely go the TV route. Maybe until I thought about missing my 3D movies
To be honest, when last buying a house the top priority was a room big enough for my projector which speaks volumes about me.
If you have 20k to spend and a dedicated room then a projector based setup is likely hands down the route to go.
As our budget and room options change we have to get the best we can within the limits we have and some of this will be down to our preferences and behaviours.
If you have a 5k budget with a dedicated batcave, and if you only watch movies then JVC N5 is probably your answer.
Similarly if gaming is more important, movies are rare and you don’t have a dedicated room then the TV will be most suited.
When it comes to home-cinema, especially with projectors the room is always very important. If you put a 20k projector in the wrong room it will behave like a 1k projector.
If you have a compromised room, a limited budget and indulge in gaming, tv and movies equally then you are back to the original quandry likely needing both tv and projector and ultimately having a compromised experience too.