FWIW - The first couple of things I tested transferred from PS4 direct to the SSD on the PS5, so then I had to move them to my ext SSD manually, and one game didn't play nicely after the move, so in the end, I just downloaded all the stuff I wanted to again. I have a decent connection, but was very quick and easy. When you do this, PS5 automatically associates your cloud saves for you, as opposed to it needing to be done manually if you initiate a PS4 to PS5 transfer.
As for tips -what's the rest of your setup? Which TV? Amp? Surround? Headphones?
Thank you for the heads up. I am thinking about just starting with the ps5 and not transferring any of my PS4 games, is it easy enough to download them from the ps store? I’m just thinking that way it won’t get full so quickly. I don’t have any type of external hard drive. I have a good connection so it shouldn’t be too bad. It’s the game saves I’m more worried about losing.
In terms of my set up I have a sound bar. But also my Sony PS4 wireless headphones. Will they work ok with the ps5?